David James

[hibee-boys]

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My point is that the reasons for financial difficulty ought to influence how you respond to it. For example, Hibs' board making disastrous investments in a chain of hotels and Hearts repeatedly spending far more than they could afford on wages had pretty much the same result from a financial point of view, but one is clearly cheating from a sporting point of view and one isn't.

In the same way, reckless spending on living the high life or taking bad advice on investments could equally well bankrupt a footballer. Since you don't know what caused David James' situation, taking an attitude of 'he was rich once, so I've zero sympathy' is fairly indefensible IMO.

I think you are kidding yourself if you think that someone who has amassed approximate earnings in the region of £20m has had to resort to bankruptcy purely on the back of bad property investment advice. And it's for that reason I've zero sympathy.

[CropleyWasGod]

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I have sympathy with hibee boys. I'm not celebrating the fact the guy is on his erse, but find it hard to feel pity for a multi-millionaire who blows a fortune. It's totally avoidable. He had the dream life.

Sometimes it's unavoidable.

I have seen more than a few situations where well set-up people and businesses have lost the lot because of things beyond their control. An unforeseen bad debt, sometimes higher up the chain, a change in the regulatory environment, or a change in banks' policy. These are all real situations, which would have been very difficult to predict.

[nonshinyfinish]

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I think you are kidding yourself if you think that someone who has amassed approximate earnings in the region of £20m has had to resort to bankruptcy purely on the back of bad property investment advice. And it's for that reason I've zero sympathy.

So tell me, what was it that put David James in this position?

[greenginger]

With a bit of foresight the guy will have stuck a decent amount away in a pension pot which , I think the trustees in bankruptcy can't touch.

Might have something for the old age.

[CropleyWasGod]

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With a bit of foresight the guy will have stuck a decent amount away in a pension pot which , I think the trustees in bankruptcy can't touch.

Might have something for the old age.

It used to be the case that certain occupations, footballers included, could take their pension at 35. Not sure if that still holds.

[hibee-boys]

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It used to be the case that certain occupations, footballers included, could take their pension at 35. Not sure if that still holds.

Was prior to 2006, 55 now.

[hibee-boys]

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So tell me, what was it that put David James in this position?

I don't know the correct answer to that anymore than you can be sure that he's bankrupt exclusively due to bad investment advice. I think it would be not be out of the realms of possibility however that he has lived an extravagant lifestyle throughout his career. A lifestyle which could have been curtailed only ever so slightly to ensure reasonable financial independence post career, that he was in full control off.

[hibeemikey21]

I'm always dubious when I hear about people like james being "bankrupt". I always think they have planned ahead, hidden/transferred assets and this is simply a way of clearing bad debts

I'm sure he'll be just fine.

[nonshinyfinish]

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I don't know the correct answer to that anymore than you can be sure that he's bankrupt exclusively due to bad investment advice. I think it would be not be out of the realms of possibility however that he has lived an extravagant lifestyle throughout his career. A lifestyle which could have been curtailed only ever so slightly to ensure reasonable financial independence post career, that he was in full control off.

I've never claimed to know how he ended up in this situation (bad investments is a hypothetical example) – the point that you have missed repeatedly is that there are different ways to end up bankrupt, with different levels of blame on the person involved, and so this blanket 'zero sympathy' without knowing any facts is absurd.

Good night.

[Haymaker]

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I've no sympathy for anyone who haa been in receipt of the level of wages your average premiership footballer earns who ends up in this position. They are more than aware of their limited shelf life in professional sport, no excuse to not plan for life after football.

Having worked with many ex professionals, mostly young lads, most don't realise it. Most have a invincible attitude where there is no end.

[hibee-boys]

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I've never claimed to know how he ended up in this situation (bad investments is a hypothetical example) – the point that you have missed repeatedly is that there are different ways to end up bankrupt, with different levels of blame on the person involved, and so this blanket 'zero sympathy' without knowing any facts is absurd.

Good night.

At what point did I say I had a blanket zero sympathy approach to all bankrupts? I said that I had no sympathy for a footballer/s who earn millions throughout their career and choose to squander a large majority of it. I take great offence to your suggestion that I'm not sympathetic to bankrupts in all situations, I've experience in financial services dealing with individuals/companies exactly in this situation.

[CropleyWasGod]

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At what point did I say I had a blanket zero sympathy approach to all bankrupts? I said that I had no sympathy for a footballer/s who earn millions throughout their career and choose to squander a large majority of it. I take great offence to your suggestion that I'm not sympathetic to bankrupts in all situations, I've experience in financial services dealing with individuals/companies exactly in this situation.

You used the word "squander", yet none of us know how he got into the situation.

As I said above, sometimes it is unavoidable.

[Mango Man]

He's playing/coaching in the new Indian league set up, along with Robert Pires, Trezeguet, Del Piero, Anelka etc, sure he will be getting a fairly decent wage over there you'd think.

[Sir David Gray]

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He's playing/coaching in the new Indian league set up, along with Robert Pires, Trezeguet, Del Piero, Anelka etc, sure he will be getting a fairly decent wage over there you'd think.

Sorry to change the direction of the thread slightly but I've just noticed that Stephen Pearson and Jamie McAllister both play for the team that David James manages in India.

Totally missed that!

[Dashing Bob S]

I'm not saying it's the case with James, but often gambling addiction is the unseen villain at the table. Footballers are often thrust into that that culture from an early age, and unlike drugs and alcoholism, it leaves no apparent change in behaviour. It's easy, if you are making big money, to get hooked on the buzz of laying off huge bets, knowing your wages will cover it.

[hibees 7062]

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Having worked with many ex professionals, mostly young lads, most don't realise it. Most have a invincible attitude where there is no end.

The Rangers number 8

[WestCoastHibby]

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I'm always dubious when I hear about people like james being "bankrupt". I always think they have planned ahead, hidden/transferred assets and this is simply a way of clearing bad debts

I'm sure he'll be just fine.

Aye and that fanny Kerry Katonas gone bust more than once. Zero sympathy from me. My dad was declared bankrupt 30 yrs ago when it actually meant something.....and the stigma of a failed business broke him.
Bankruptsy is now too easy an option for those that piss it all away........

[hibees 7062]

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Aye and that fanny Kerry Katonas gone bust more than once. Zero sympathy from me. My dad was declared bankrupt 30 yrs ago when it actually meant something.....and the stigma of a failed business broke him.
Bankruptsy is now too easy an option for those that piss it all away........

On yer erse one minute and top of the league and flying the next

[lapsedhibee]

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You used the word "squander", yet none of us know how he got into the situation.

In his 2004 autobiography, Stan Collymore described his time lodging with James when they both played for Liverpool in 1995. “If he [James] had a new car and he pranged it, he would just go and buy a new car – so there were five cars parked in the drive. If he bought a new pair of shoes and he scuffed them, he wouldn’t clean them. He would just chuck them in the spare room and buy a new pair.

[Sudds_1]

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My point is that the reasons for financial difficulty ought to influence how you respond to it. For example, Hibs' board making disastrous investments in a chain of hotels and Hearts repeatedly spending far more than they could afford on wages had pretty much the same result from a financial point of view, but one is clearly cheating from a sporting point of view and one isn't.

In the same way, reckless spending on living the high life or taking bad advice on investments could equally well bankrupt a footballer. Since you don't know what caused David James' situation, taking an attitude of 'he was rich once, so I've zero sympathy' is fairly indefensible IMO.

Seems the main creditor is HMRC.............perhaps thats a wee clue?

[greenginger]

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Seems the main creditor is HMRC.............perhaps thats a wee clue?

Awaiting howls of disapproval from the new custodians of Taxpayer morality coming from a Pink Bus Shelter on the West side of Edinburgh.

[Sudds_1]

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Awaiting howls of disapproval from the new custodians of Taxpayer morality coming from a Pink Bus Shelter on the West side of Edinburgh.

hehe

[Time For Heroes]

David James has gone bankrupt?
He never was that good at saving!

[Kato]

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David James has gone bankrupt?
He never was that good at saving!

Did he post his net earnings?

[CropleyWasGod]

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Did he post his net earnings?

He palmed those questions away.

[Hibernia&Alba]

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David James has gone bankrupt?
He never was that good at saving!

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Did he post his net earnings?

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He palmed those questions away.

Open the windaes. The patter is stinking the place oot :-D

[Time For Heroes]

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Open the windaes. The patter is stinking the place oot :-D

TBH its not half as bad as when James played his dire keeping abilities on his Playstation haha