Invest it and live off the interest and just buy whatever floats your boat!?

Robbie Fowler brought up half of Liverpool

Caviar and upmarket women of the night

Robbie Fowler brought up half of Liverpool.

What, he raised them as if they were all his children?

upmarket women of the night

Surely this is a contradiction in terms?

they buy massive and gaudy watched.

I recall hearing a story where John Terry's mum tried to pilfer some watches from a high-end watch dealer that came to flog some Richard Mille watches to JT.

"contradiction in terms"

No

It's like the ridiculously high number of US athletes from various sports who go bankrupt not long after retirement despite the big earnings. Usually a combination of big/foolish spending, bad investments, friends and entourage that they spoil and help them spend the money.

Vulgar houses and cars, and GHB, on the evidence.

In the seventies and eighties they used to all buy pubs.

I think Dix has it now:

Caviar and upmarket women of the night

Or if Wayne Rooney

Caviar and grannies of the night

I have a friend who does money for some of players in the northern association football clubs and the way he tells it an awful lot get dicked by hangers on with ‘business schemes’, particularly the higher earning ones.

It seems that the main problem is that they just can’t see the money running out so they are more reckless with it.  The less talented players know that they are one game away from getting dropped and so tend to have more cautious investment strategies.

also it’s like boxers I never understand how most of these go skint . Mayweather will be the next one .

What strutter said. 

And actual gambling too. 

Cristiano Ronaldo spent over ten million quid on a bugatti veyron, which is the ultimate thing you do if you’ve totally run out of ideas as to what to spend money on.

This does remind me of the possibly apocryphal tale of fat sams place in Benidorm or Marbella or whatever named “St James Villa” or similar, bought with his payout from Mike Ashley

ebitda, they just get ripped off by their 'advisers'

I don’t mind footballers getting paid that much though, tbh. They’re absolutely elite level talents. Ronaldo is a tool but he’s also one of the two or three best in the world at something that hundreds of millions of guys do, a lot, and that is worth billions of consumer pounds. Anything that didn’t go into his pocket would be going to a Rupert Murdoch or whatnot.

But it is stupid money, and most of them - being fairly limited people, other than their one extreme gift - clearly struggle to know what to do with it.

One viable option would be hiring a different A-list p*rn star escort every evening until you’d literally shagged them all. Then, erm, starting again at the beginning. Or what? Buying a space shuttle or something.

It’s silly really net income of say £3MM over ten years is a shed load of cash . How many watches, cars, pairs of shoes can you own buy before you lose interest .

aa someone said above, gambling is a big issue . Was it Michael Owen who lost a million on a card game whilst travelling to an away game .

It would be interesting to see the breakdown of what your typical elite player gets. Obv the quoted rate will be gross, so knock the tax off, agent will get what, 15%, gross again? Presumably there will then be other hangers on and advisors who get a share, so you’re down to well under half of the quoted amounts quite quickly. 

You’ve then got to pay rent on your mansion and lease your supercar(s), plus sort out your entourage and pay top top dolla for your prostitutes. 

Couple of card schools on the away games, and you can see how they get through it. 

Deloitte do a very good primary empirical piece every year , I recall reading that the average premier league player was on 100k plus bonuses , even the championship was about 30 k a week , with Barry Hearn saying they tried sign players at Leyton orient who wanted  5k aged 20 having been let go by clubs in the higher divisions.

maddness .

Hookers and blow.

Obvs.

Don't they bang an obscene amount in their pensions because they can draw it when their "career" is over at 35yo.

Flush I don’t know about that , every transfer window you read stories about an unheard of player signing for a mid table side for 100k a week.?

i agree about what you say re: agents fees.

if I was on £3MM net ,pension provisions would be not upper most in my mind . It’s a pity I can’t link the report here

Owen put his money in horse breeding, Fowler in property, Beckham in who knows what. None of them are that bright but they had good advisors. Lineker probably earns more now than he did as a player.

Chambers, horsebreeding generally burns cash, big time

I struggle do understand the whole "hate" piece around footballers earning these huge sums. Supply and demand, and they are operating in a market where they need to compete, across all levels and positions of players.

I don't hear city Lawyer types complaining that Kirkland pay £145k plus bonus to a NQ, in which they mainly undertake admin work, nor of the crazy wage war which has reared its head across just about all firms in the "top" 50 by revenues

Fwiw RF, Norwich pay low salaries but huge large bonuses.

Midranking premiership (9 years) player pal spent his on:

a nice house / gave his wife first week’s salary each time he moved Club so she could buy a flat with it / more BTLs including Dubai and other similar schemes which were “offered” to players to lure in public / major wedding and holiday- serious villas with chefs for 20 and tables at the clubs in Ibiza etc / employing family members / investment in start ups (all but one bombed) / art / wine / rare trainers collecting/ / school fees.

total fire sale, all gone 5 years after stopping playing because of the 5 year mortgage (short career) meaning repayments were £20k/ month (then bridging loan etc etc).  Not enough invested in doing coaching badges immediately on leaving and starting some kind of work (any kind of work) right away

(They do still get discounts on tellys and white goods etc through the professional players scheme or whatever it’s called though)