Ex-Premier League players lost millions in investments
Summary
A group of former Premier League footballers claims they lost tens of millions of pounds due to bad advice from financial advisers at Kingsbridge Asset Management. The advisers deny any wrongdoing, saying they provided advice in good faith. Up to 200 players might have been affected, with some losing their homes or declaring bankruptcy.Key Facts
- Former Premier League players lost significant money after investing with Kingsbridge Asset Management.
- The V11 campaign group consists of 11 footballers who claim to be victims of "financial abuse."
- Notable players involved include Danny Murphy, Michael Thomas, and Brian Deane.
- Kingsbridge's leaders, David McKee and Kevin McMenamin, deny any wrongdoing.
- Some players are being pursued for additional tax payments despite being described as crime victims by City of London Police.
- The issue affected many players, with up to 200 potentially impacted, resulting in serious financial losses for some.
- Kingsbridge was backed by the League Managers Association, adding credibility at the time.
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