A group of former Premier League footballers say they lost tens of millions of pounds because of their financial advisers.
Danny Murphy, Michael Thomas and Rod Wallace are part of the V11 campaign group, which comprises 11 footballers who invested with Kingsbridge Asset Management in the 1990s and 2000s.
Former England midfielder Murphy – now a Match of the Day pundit – believes he lost roughly £5m because of “financial abuse”.
David McKee and Kevin McMenamin, who ran Kingsbridge, say they “deny any wrongdoing”.
They said: “At all times, Kingsbridge advised in good faith and set out the risks and opportunities both before and after any investment was agreed.”
Up to 200 footballers may have been affected, with some losing their homes and being made bankrupt. They are now being chased for millions more in tax, despite being told by City of London Police they were “victims of crime”.
Believe me when I say that no-one is crying for a bunch of ridiculously overpaid footballers who lost money on dodgy advice for making more money.
