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Posted

Our former player has been made Bankrupt apparently. Lost his cash in a property deal. Been playing professionally something like 14 years (Wimbledon, Charlton, Boro, us of course). Believe he is injured but still with Blackpool. Hmmm

Posted
Our former player has been made Bankrupt apparently. Lost his cash in a property deal. Been playing professionally something like 14 years (Wimbledon, Charlton, Boro, us of course). Believe he is injured but still with Blackpool. Hmmm

 

he played against us at St Marys the other week.

Posted
Surely it's the company that is liable not the indidual, in this case Brad Friedel?

 

All sorts of possibilities but probably:

 

- he invested his own money to start it up

- he maybe invested more when it was making losses, to keep it afloat

- the company borrowed money from Banks and the Banks took security over his personal assets (property etc)

Posted
All sorts of possibilities but probably:

 

- he invested his own money to start it up

- he maybe invested more when it was making losses, to keep it afloat

- the company borrowed money from Banks and the Banks took security over his personal assets (property etc)

 

Of course... thanks! I had a dumb moment, just like Brad but not so costly.

Posted

Makes you wonder who they are going to for financial advice. They seem to think that kind of money will go on rolling in forever. Still, it is astonishing that they've got themselves in this situation whilst still playing.

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