Sven Goran Eriksson Estate Auction

[tommopie8]

I thought the club did not own the stadium, or at least the lease on the land. It's protected by the Haydn Green Estate.

Isn't it even more convoluted than that? The council own the land and the Haydn Green Estate hold the lease which we've got a rental agreement for a long, long time. So long story short, no - the only way he would've got paid was pence on the pound if he put us into oblivion.

[Chicken Balti Pie]

Isn't it even more convoluted than that? The council own the land and the Haydn Green Estate hold the lease which we've got a rental agreement for a long, long time. So long story short, no - the only way he would've got paid was pence on the pound if he put us into oblivion.

The club own the buildings, their very worth is what has kept us from liquidation on several occasions.

[maddogslater]

I still can't work out how a man who probably earned tens of millions of pounds over his career ended up in debt. It would make sense if he was a reckless addict, but he seemed so measured and tuned in.

This

[LincsPie]

This

Apparently a lot of the debt is tax payments due to our very own HMRC.

[slack_pie]

Apparently a lot of the debt is tax payments due to our very own HMRC.

Again, how does this happen? A celebrity and high-earner like him would surely have a decent accountant. I don't understand how he could just overlook paying his taxes.

[OchPie]

Again, how does this happen? A celebrity and high-earner like him would surely have a decent accountant. I don't understand how he could just overlook paying his taxes.

He sued his financial advisor for defauding him out of ten million quid. Didn't see any of it back.

He also got caught up in the big Eclipse Film tax fraud, which cost a lot of people a lot of unexpected tax bills.

[kill_the_drum]

From a conversation I had with Mr/Mrs Trew he also had zero concept of money.

[frenchmagpie]

Again, how does this happen? A celebrity and high-earner like him would surely have a decent accountant. I don't understand how he could just overlook paying his taxes.

Many specialist tax firms sell expensive tax avoidance schemes. Once the fees have been paid they prove useless when HMRC ruthlessly attack the schemes and leave taxpayers with large, unexpected tax bills. See OchPies comment about Eclipse Films. There was a similar mess around Rangers paying their players with loans !

[Iremongersrighthand]

He spent it all on ladies didn't he.

And he squandered the rest.

[lunaspie]

He spent it all on ladies didn't he.

His accountants declared a three Faria Alam once they'd inspected the books.
Good old Sven - he made Henry Kissinger look like a naive youth.