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In the summer 1985a young German tennis player with a red mop and sponge Wimbledon: Boris Becker He had not yet reached the record age of 17 years and 228 days when he became the youngest champion. The most prestigious and celebrated tennis tournament in the worldNearly four decades later, the tennis champion’s fairy tale has turned into a financial nightmare. After three victories on grass, Becker moved there a few years ago, where he reinvented himself. Sports Commentator for BBCBut it is Troubled by debt And squandered the accumulated wealth 16-year career Top names in tennis (77 finals, 49 wins).
From Victory to Debt
today 54ennefat, blond, wearing a stadium jacket and hat Miami Heat He appeared in court and was convictedHigh Court of Southwark He now faces up to seven years in prison for hiding millions of pounds of assets from creditors. Pawned his trophyincluding historians Wimbledon Dishes. But the precious loot will be gone: Becker could never find them again.he would have lost them. However, it is hard to believe that the tennis player no longer knew where such a large and important object as the cups ended up. In fact, according to British justice, he would have hidden them to avoid being caught. He would therefore have violated the lawUK Bankruptcy.
A wasted legacy
Five years ago, the six-time champion Grand Slam Final bankruptcy: BBPOLthis Boris Becker Private Officea family office owned by Champion, with outstanding loans exceeding £3 million: this Arbuthnot Lathamwas one of London’s most exclusive private banks, established in 1833, which financed his venture. Villas in Mallorcain Spain.
His was not the only “account” that had not been repaid: even the bank’s jurors did not find him guilty of concealing the loans. 825,000 EUR (£688,000) is what he owes Alpine Bank of LichtensteinBut the day after he was declared bankrupt, Becker resigned as sole director of the company, BBPOL, and quit with his then-wife. Sally “Lily” Becker was appointed to take his place. However, the judges discovered endless hidden assets. Among the most sensational cases, there were “disappearances”. £950,000 Collected from selling an item Mercedes car dealership It is owned in Germany. Becker also tried to hide its ownership Villa “Im Schilling” In his hometown gluedin Germany; and ownership of 75,000 shares in the company Burst Dataa Canadian sports betting AI company.
Family Offices as ATMs
It turns out that after bankruptcy, Becker paid a large sum of money to his ex-wife Barbara Egypt Eli Lilly: A river of liquidity that aroused suspicion. In doing so, the tennis prodigy hid his assets. But at the same time, he also bought luxury goods in department stores Harrodspurchased online Ocadoa sophisticated delivery site that constantly treats itself to designer clothes Ralph Lauren: Everything was paid for with the liquidity of his family office. The judge accused him of using BBOL as a personal “piggy bank” and squandering assets that were supposed to pay creditors. It worked out well for him, too, as he was cleared of all other charges, including failing to deliver nine tennis trophies (including those won at the 1985 and 1989 Wimbledon championships) to the British Open. Australian Open 1991 and 1996 Olympic Games Since 1992.
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