Monday, 17 July 2017

Boris Becker Bankruptcy! How Ex-Wimbledon Legend Lost £100m Investing In Nigerian Oil

Shocking details have emerged on how a tennis superstar and Wimbledon legend, Boris Becker, lost a huge part of his £100million fortune in dubious investments in Nigerian oil firms.

German news magazine Der Spiegel – quoting documents from soccer whistleblowing platform Football Leaks – said Becker struck the deal in 2013, which contributed to his recent bankruptcy.

It is understood that the ‘mega-deal’ between the Nigerian oil firms and the tennis star was brokered by a Canadian firm and a Nigerian employee of Becker.

The report from Spiegel – citing some seen documents – claimed that in July 2013, Becker held shares in an oil and petrol firm in Nigeria. But the investments tanked and last month he was declared bankrupt.

While speaking to a court in London, John Briggs, Becker’s lawyer, said ‘He is not a sophisticated individual when it comes to finances.’

The 49-year-old, who was once estimated to be worth upwards of £100million, was declared bankrupt over undisclosed sums owed to London-based private bankers Arbuthnot Latham & Co since 2015.

His remaining assets will be disposed of to pay creditors. Among earlier cash woes, Becker was landed with divorce and paternity settlements in 2001 totalling more than £20million – to his first wife, Barbara, and Angela Ermakova, the Russian model who had his baby after a brief encounter in a London restaurant.

The six-time Grand Slam winner was also ordered to pay £2.5m for tax evasion the following year.

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