Cricketers or athletes of any sports are some of the highest-earning professionals. In today’s era, professional sports has become a business of sorts. As of now, several cricketers make plenty of money in a given year by taking apart in T20 leagues around the globe, endorsements, and sponsorships. These athletes also invest in side businesses to earn extra income.
Nevertheless, there exist some cricketers who had all the wealth and then lost everything. Having paid heavily during their playing days, cricketers are also ensured a financially secure future after retirement. However, due to some inefficient management of wealth, a few of them tend to lose their funds in bulk. Moreover, any financial crisis all over the world can also lead to loss of wealth.
We take a look at five cricketers who went bankrupt:
One of the prominent players of Surrey County Cricket Club, Adam Hollioake, captained it from 1997 to 2003. He was one of the Wisden Cricketers of 2003 and as an all-rounder, played for England between 1997 to 1999 in four Tests and 35 ODIs. As the captain of Surrey, Adam led to nine county championship titles, making him one of the successful first-class captains.
As the English team’s captain, he also led them to victory in the 1997 Sharjah Cup. Post-retirement, the 48-year old returned to his home country, Australia, to take care of family business. Initially, the company was flourishing; however, as recession beckoned, it lost the financial soundness. Eventually, it got dissolved in 2011 and declared insolvency in 2011. He moved on to take up mixed-martial arts to pay his bills.