Danny Guthrie, Ex-Premier League Player, Bankrupt Over Gambling Debt

Dannie Woodrow Wilson Guthrie enjoyed the salutary life, fulfilling his daydream of seemly a Premier League association football player. It wasn’t all playfulness and games, though, as a penchant for gambling has led to bankruptcy.

After accruing almost £200,000 (US$241,000) in add together debt, the former Liverpool participant has thrown and twisted in the towel, the Mirror reports. The 35-year-old borrowed £75,000 (US$90,367) from a friend inward 2019 to extend his expenses. He also accumulated £120,000 (US$144,588) inward gaming debts, according to a statement from The Insolvency Service.

Guthrie promised his friend to repay the debt using finances he received from merchandising a property. Instead, he chose to repay his gaming debts. Nothing seemed to acquire him come out of the hole out he was in, despite reportedly having a million-dollar leg.

Striking Out

The Secretary Of State sanctioned Guthrie’s “Bankruptcy Restrictions Intaking” on May 18. This is an rules of order that is issued to anyone who is bankrupt, but who requests failure for their possess financial mismanagement. The order of magnitude testament bear on until May 2028.

The UK’s Insolvency Service confirmed the prominent debt inward a statement. It added that Guthrie received a minuscule to a greater extent than £160,000 (US$192,928) for the property he sold.

However, instead of putting creditors and his friend first, he repaid his gambling debt. The bureau emphasized that he also made several cash in withdrawals, fifty-fifty though he knew he had no money to spend.

As a result, Woody Guthrie cannot borrow to a greater extent than £500 (US$602.90). He is also forbidden from being a manager of a fellowship without the permission of the court.

Kevin Read, the prescribed pass receiver at The Insolvency Service, stated that Guthrie deliberately made decisions that he knew would have got disconfirming ramifications. He added that the lengthy bankruptcy restrictions should “serve as a warning” that the bureau responds to financial wrongdoing.

After starting his vocation with Anfield, Woody Guthrie moved on to the Premier League for Newcastle-upon-Tyne and Liverpool. He also played for other clubs inward the English Football League Championship, including the Dendroica fusca Rovers.

Fast Cash, Quick Losses

Too often, drunk off sudden stardom at the immature eld of 18 or 20, athletes trip up to properly manage their money. Woodrow Wilson Guthrie isn’t the only if British soccer lead to get gone through and through bankruptcy, and to a greater extent than a few found themselves in the position because of their gambling.

Paul Merson, a former Arsenal star, reportedly missed a staggering £7 jillion (US$8.44 million) to gambling, drugs, and booze. Although the former midfielder became a steady on Sky Sports, he erstwhile considered gift it all up.

At I point, he even considered breaking his fingers to layover him from calling his bookies. However, not before he lost his £800,000 (US$964,560) pension off on a play spree.

Lee Hendrie, a one-cap England player, went break due to imprint and a play addiction. a former midfielder at Aston Villa, he earned to a greater extent than £30,000 (US$36,174) per week.

However, he filed for bankruptcy inwards Jan 2012 due to huge debts and repossessions. He, too, went on to become a popular commentator on Sky Sports.