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Ex-Manchester United Star Wes Brown speaks for the first time on Going Bankrupt after losing Millions

Tags: bankruptcy, England, football, Manchester United, Wes Brown.
Posted on 11 April 2024 by "T".

Former England international defender Wes Brown won the Champions League in 1999 and 2008 for Manchester United but later declared bankruptcy after losing millions.

Former Manchester United defender Wes Brown has finally opened up on his struggles after declaring bankruptcy last year (April 2023).

Wesley Michael Brown, age 44, has made 362 Premier League appearances during a career that saw him play for Manchester United and Sunderland, among others. He was part of both of United's Champions League winning squads under Sir Alex Ferguson, starting the final against Chelsea in 2008. He earned £50,000-a-week as a player at some point, but lost millions after his playing career ended.

He was reported to have lost millions in bad property deals, overpaying on a farm, and his company collapsing. The versatile defender also split from his wife Leanne, a reality TV star, in 2022.

In an interview with The Ben Heath Podcast, Brown revealed the issues which he said "came to a head" in 2023. In speaking out, he said other players have told him they're in similar situations today.
"It's a long story and I won't go into the detail, but it's stuff that happened a long time ago with certain investments and getting into stuff that as a young kid, a lot of people go into, [but] don't really understand what a lot of people are doing.
Then it came to a head last year, and that's how it went. Like I said, it's happened and I'm just getting on with it but it's one of those things where you hope people, especially this generation, don't get involved in.
Something a lot of especially footballers went into, a lot of people have been able to get themselves out of it or they've been sorting it out or whatever, but I just couldn't. There's not much I could do."

Brown also admitted he did not have the ‘right people' to guide him during his younger years.
"I've had a lot of players that have said 'I'm in the same thing'. I won't say names... and it doesn't necessarily mean that the same outcome will happen to them.
But it's stuff like when you're kids you don't really understand it anyway, you just assume a lot of people are doing it and it's fine. That's not your life, you're just playing football.
I think the main thing is when you are making a lot of money, you need the right people, don't you? And I would say that's one of the things I didn't have.
It was a little bit different. It wasn't lots of people you go and speak to, just you maybe meet people and do this, do that. I wasn't interested in any of that. You said yes and got on with it."

Even though he earned huge sums of money during his career, Brown was actually not one of the highest earners at Old Trafford. Some of Brown's team-mates earned six times as much as him. Speculations say he may have spent a lot in an attempt to keep up with his fellow United stars on bigger salaries, but Brown denies that he over-spent on expensive items.

Despite his financial woes, he insisted he is determined to remain positive and come through the other side.
"I think the main thing going forward for me is I'm very lucky to still be doing what I'm doing and getting on with it. It's not a nice thing, but I'm not the sort of person to cry about it or moan about it."

Earlier this year, former Everton and Ireland star Gareth Farrelly told Mirror Football about the scale of football's bankruptcy crisis. Now working as a lawyer, the 48-year-old indicated generous wages do not provide protection against the problems afflicting a number of former players.

Farrelly said:
"There are pressures, there are insecurities. Players want to be seen as highly-valued and one way of demonstrating that is through what they are purchasing.
Nice clothes, cars, a nice watch, the latest headphones. There are images to conform to so players lower down and young players look at what the top players are wearing to be accepted within that group. That becomes a habit and it's hard to break it. It's difficult to maintain the lifestyle."
You've got a house, car, lifestyle commensurate with your football contract. You make one or two bad investments and you're done. You will never be able to carry the losses, based on initial net investments. This emphasizes the importance of having good people around you."


Source: https://www.mirror.co.uk/sport/football/news/wes-brown-bankruptcy-manchester-united-32553073

 


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38 comments on "Ex-Manchester United Star Wes Brown speaks for the first time on Going Bankrupt after losing Millions"

Displaying only the 25 latest comments. To view all comments, please visit the forum thread:
» Ex-Manchester United Star Wes Brown speaks for the first time on Going Bankrupt after losing Millions


 dule-vu16/04/2024 06:08:38 GMT
Maybe if some club take him to work something!
 ggusia16/04/2024 07:49:02 GMT
This shows that nothing in life can be certain. Once we are at the top, we have money and fame, and then we can lose it in an instant. Unfortunately, sometimes a combination of various situations can lead to bankruptcy or poor management. Many factors certainly influence all this.
 dule-vu16/04/2024 08:16:22 GMT
Just depend on what they spend money! Gambling, cars, houses...
 geseco1217/04/2024 04:42:01 GMT
We do not know until now if he has any money to live a few more years, if not, he can go to work in his club that gave him everything, it is a way to have one more income and the money does not cost you much more fast.
 dule-vu17/04/2024 06:30:13 GMT
Yeah americans will give everything, he just need to come to stadium! And other words dont have sense at all, you can read what did you write!
 ggusia17/04/2024 11:19:01 GMT
Money management is definitely important whether you are rich or poor. It is really important how we spend our money, whether we do not give in to whims, whether we do not buy unnecessary things, or whether we sometimes live beyond what we have. Having money is not everything, as more than one life has shown.
 dule-vu17/04/2024 11:29:28 GMT
Somebody invest wrong, somebody spend on womens, drugs, whatever!
 geseco1218/04/2024 15:09:08 GMT
As long as we have money, if we do not have good management of our economy, we are going to go to the bottom, so these players must attest to this, no matter how much money you have and you do not have good management of it, you are going to lose everything in a short time. .
 dule-vu18/04/2024 15:12:28 GMT
Yeah!
 geseco1219/04/2024 19:21:14 GMT
That is why a lot of money does not guarantee you having a good economy in the future, it depends on good management so that they can one day continue living and earning in their generations, but sometimes we live in the moment and spend a lot.
 dule-vu19/04/2024 19:36:36 GMT
He didnt think on time!
 geseco1220/04/2024 21:49:14 GMT
That's right, friend, but sometimes it happens that sometimes it doesn't turn out the way you think and you go bankrupt, in these businesses you have to have a lot of knowledge of the area to undertake, otherwise you go into the deep end, and also no one knows what else has happened. fact that he is not going to tell you.
 dule-vu20/04/2024 22:35:31 GMT
Whatever!
 geseco1222/04/2024 05:42:56 GMT
It makes me very sad to see Wes Brown, formerly of Manchester United, in this situation. He doesn't wait for what I said about his economic situation. Sometimes this happens to several people in the world. They have a lot of money but sometimes bad investments end up ruining them. their projects.
 dule-vu22/04/2024 06:14:43 GMT
you will cry when this makes you very sad? please dont!
 geseco1223/04/2024 16:42:59 GMT
I think it is a situation that no one wants to go through, that shows and helps us that we must make good decisions in life so that in the end it does not change your face, in terms of economics it is much more, you must prepare yourself with the best in the world. field to grow.
 CALICUL23/04/2024 17:05:59 GMT
the worst thing is to lose your entire money for which you worked all your football career. This is a shock, but he may look to become a coach and to earn some money, because he may need it.
 geseco1224/04/2024 23:52:02 GMT
This news is hard, this player gave everything in football, but his poor management of his money led him to bankruptcy, I hope he can become a coach or work in some position at Manchester United, I hope he recovers.
 dule-vu25/04/2024 00:28:16 GMT
Great!
 geseco1226/04/2024 00:04:27 GMT
I think that these things sometimes have to happen to us to be able to learn much more from these investments, I hope you can recover and be able to start again, and that now things will go very well for you, no one wants things to go badly for you, on the contrary.
 dule-vu26/04/2024 00:05:14 GMT
To whome you talking? Who is you?
 geseco1203/05/2024 02:20:07 GMT
He himself admits that when he was younger he made bad decisions and that led to him losing a lot of money, we don't know exactly what happened, he didn't go into details, but he said it was business that didn't go so well.
 dule-vu03/05/2024 04:56:27 GMT
Whatever!
 juppi4706/05/2024 00:13:30 GMT
Wes Brown is a loser with no ambitions that's why his wife left him, if she was a gold digger she would have left him 2-3 years after retirement.
 CALICUL06/05/2024 01:10:37 GMT
you may be right, but it may also be bad luck. There are many smart people who have lost large sums of money due to bad luck. Now it depends on several things…

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