In a shocking financial downfall, former England and Liverpool football hero John Barnes has been declared bankrupt following a High Court ruling. The 60-year-old football legend faced the legal judgment after accumulating significant unpaid tax debts with HM Revenue and Customs.
High Court Battle Ends in Bankruptcy
The bankruptcy order was officially made at the High Court's Insolvency and Companies Court, dealing a significant blow to the former football star's financial standing. Barnes, who earned approximately £70,000 per week during his peak playing years, now faces the stark reality of bankruptcy proceedings.
From Football Glory to Financial Struggle
During his illustrious career spanning the late 80s and 90s, Barnes was one of English football's highest-paid athletes. His memorable tenure with Liverpool saw him become one of the club's most celebrated players, winning two First Division titles and an FA Cup during his decade at Anfield.
The Jamaican-born winger's international career was equally impressive, earning 79 caps for England and representing his country in the 1986 and 1990 World Cups. His iconic goal against Brazil in Rio de Janeiro remains one of English football's most celebrated moments.
Post-Retirement Financial Challenges
Like many professional athletes transitioning from their playing careers, Barnes has faced numerous financial challenges in retirement. Despite maintaining a public profile through media work, punditry, and occasional television appearances, the former star has struggled to maintain the financial lifestyle established during his playing days.
The bankruptcy declaration serves as a stark reminder of the financial difficulties many retired athletes face, even those who reached the pinnacle of their sport and earned substantial incomes during their careers.
Ongoing Media Career
Despite his financial troubles, Barnes has remained active in the football world as a regular pundit and commentator. His insights on the modern game continue to be valued by broadcasters and fans alike, though this recent development casts a shadow over his post-playing career achievements.
The case highlights the ongoing challenges faced by former professional athletes in managing their finances long after their playing days have ended.
