Ex-Footballer, Emile Heskey Faces Bankruptcy Amidst £1.6 Billion Tax Dispute over Investment Scheme

Ex-Footballer, Emile Heskey Faces Bankruptcy Amidst £1.6 Billion Tax Dispute over Investment Scheme

Emile Heskey’s Financial Troubles

Former professional footballer Emile Heskey, known for his stints at Liverpool, Leicester City, and Aston Villa, is reportedly facing financial distress, with bankruptcy looming on the horizon.

Significant Net Worth Erosion

The 45-year-old footballer, who boasted a net worth estimated at £12 million in 2009, has encountered financial woes stemming from his involvement in a celebrity investment scheme, now embroiled in a staggering £1.6 billion tax dispute.

HMRC Bankruptcy Petition

Reports from The Sun indicate that Her Majesty’s Revenue and Customs (HMRC) has taken legal action, filing a bankruptcy petition against Heskey in the High Court due to his association with the controversial investment program.

Ongoing Financial Challenges

Heskey’s financial difficulties have been escalating over the years. In 2023, he faced tax issues amounting to £92,000 from his work as a football development officer, resulting in a £42,000 penalty.

Moreover, a bar he co-owned with his wife was closed down due to debts totaling £163,000.

Controversial Investment Scheme Details

The celebrity investment scheme, reportedly managed by Ingenious Media, attracted high-profile investors like David Beckham, Steven Gerrard, Jeremy Paxman, and Robbie Williams, requiring a minimum stake of £50,000.

However, the scheme has faced significant controversy, entangling investors like Heskey in financial turmoil.

People

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