Finance
Soccer-Former England coach Eriksson died heavily in debt
Published by Global Banking and Finance Review
Posted on January 15, 2025
Last updated: January 15, 2025
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 15, 2025
Last updated: January 15, 2025
(Reuters) - Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over 3.8 million pounds ($4.64 million) following years of financial mismanagement.
Eriksson, who died in August last year at the age of 76 having earlier announced that he was terminally ill with pancreatic cancer, left assets worth 4.8 million pounds but owed 8.64 million.
Most of Eriksson's debts were tax related in the UK, owing 7.25 million pounds to HM Revenue and Customs (HMRC), according to Swedish media reports.
Eriksson, who managed England between 2001 and 2006, had previously spoken of losing 10 million pounds to a financial adviser and admitted that he had no idea how much money he had or where it was.
($1 = 0.8182 pounds)
(Reporting by Trevor Stynes, editing by Pritha Sarkar)
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