Former Premier League star Danny Guthrie declared chapter after incurring playing money owed of over £120,000. [Image: Shutterstock.com]
Danny Guthrie again within the headlines
Former Premier League star Danny Guthrie has declared chapter after amassing playing money owed of over £120,000 ($144,681).
Guthrie broke onto the skilled soccer scene with Liverpool, with whom he signed in 2006. He would later seem for English sides Bolton, Blackburn, Newcastle, and Studying, in addition to Indonesian membership Mitra Kukar, League Two facet Walsall, finally signing with Icelandic second division group Fram in 2021.
now coping with extreme monetary penalties from his poor playing habits
Regardless of the marvelous potential the West Midlands native as soon as flashed on the pitch, he’s now coping with extreme monetary penalties from his poor playing habits.
The autumn of a star
Guthrie’s first notable monetary misery got here in 2019 when he borrowed £75,000 ($90,416) from a buddy, per the Insolvency Service. This transaction was made merely in order that he might cowl his massive bills.
Guthrie promised to repay his buddy with the proceeds he created from the sale of his home.
opted to repay the mortgage as a substitute of different lenders
Nevertheless, the ex-Premier League participant allegedly incurred playing money owed previous to the pleasant mortgage. In 2020, Guthrie bought his home for £160,000 ($192,888) and opted to repay the mortgage as a substitute of different lenders.
The 35-year-old achieved this “by making a number of money withdrawals regardless of figuring out he was bancrupt,” in line with The Insolvency Service. He lately accepted a six-year chapter order at Stoke County Court docket, which is able to impose restrictions till Might 2028.
Restrictions shifting ahead
The ramifications of Guthrie’s sentence will make it tougher for him to entry cash so freely.
Guthrie won’t be able to borrow quantities exceeding £500 ($603) with out divulging his chapter standing. He may also not have the ability to act as an organization director with out the consent of the courtroom.
The Insolvency Service hopes that these rules discourage others from making monetary errors.
Danny Guthrie’s actions had been deliberate in dissipating property”
“Danny Guthrie’s actions had been deliberate in dissipating property, at a time he was already bancrupt, and to the lack of his collectors,” mentioned Insolvency Service official receiver Kevin Learn. “This extension of chapter restrictions ought to function a warning that the Insolvency Service will take motion to deal with such monetary wrongdoing.”
Guthrie is at present working as a senior coach at The Soccer Academy in Dubai, United Arab Emirates. He was final dwelling within the Damac Towers within the coronary heart of the town, in line with unconfirmed reviews.