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Saturday, August 18, 2012

Could millionaire footballers end up poor?

Interesting piece about Michael Owen in today's Guardian. The Premier League kicks off today and he doesn't have a club. Manchester United let him go after having hardly played him. Was that because of fitness or has he lost his appetite for the game? I was interested in this line:
...there are people within Owen's circle who freely admit he wants to work because he needs money for his horse racing empire at Manor House Stables.
Before the days of the Premier League it was quite common for top footballers to have money problems after retirement. It's always been assumed that since millionaire footballers became relatively common this would no longer happen. As long as they invested some of their peak earnings they need never work again. They used to run pubs and sports shops. These days they play for higher stakes. It's all fashion labels and football schools. And there's always the divorce court, which is the reason so many rock stars stay on the road.

 If Michael Jackson could spend his vast pile of loot then Michael Owen could certainly spend his.