Ferguson declared bankrupt

28/01/2016  33 Comments  [Jump to last]
Everton coach and former striker Duncan Ferguson has been declared bankrupt according to newspaper reports.

The 44-year-old who spent two spells as a player with the Blues and is now part of Roberto Martinez's backroom staff, had a bankruptcy petition brought against him by HM Revenue and Customs last month which was rubber-stamped 13 days ago.

 


Reader Comments (33)

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Brent Stephens
1 Posted 27/01/2016 at 23:23:04
And that's why Big Dunc doesn't rock the boat, presumably.
Craig Mills
2 Posted 28/01/2016 at 06:58:18
Didn't ever see that coming? It amazes me how these guys who have earned more money than most can ever dream of manage to be so poorly disciplined with it that they can lose it all...
Dave Pritchard
3 Posted 28/01/2016 at 07:41:52
It was strange when after being away from football for so long he then wanted to be involved with Everton again. Maybe he needed a salary.
Jim Bennings
4 Posted 28/01/2016 at 07:53:13
Something does seem different with Dunc, he's coach here but I just don't really see what his role is.

He's meant to be a motivator yet on Sunday at half time we are 2-1 down, he's laughing and joking on the pitch with subs warming up, surely he should have been in the dressing room giving his say??

I just really don't get why he's here.

Eugene Ruane
5 Posted 28/01/2016 at 07:59:17
That is kind of...baffling, I mean where the flip did it go? (how much is a bag of doo-food?)

Anyway, probably a good time for him to reflect on how well-loved he is by thousands of Evertonians and maybe a good tactic for him right now to mentally adopt a kind of Teofilo Stevenson mindset.

Stevenson (for the teenagers) won the olympic heavyweight (boxing) gold three times on the bounce and when offered fortunes to leave Cuba to fight professionally in the states (for fellers like Don King and Bob Arum) said 'What are eight million dollars compared to the love of eight million Cubans?'

Type..stuff.


Ernie Baywood
6 Posted 28/01/2016 at 09:03:40
Didn't seem like he was the free spending, excessive type. Bad business deals?

Or maybe he's just hidden it well and didn't fancy meeting his obligations to HMRC.

Brin Williams
7 Posted 28/01/2016 at 09:09:43
Let's hope that HMRC are the only ones he owes money to – in these cases, innocents get stung.

Never was a fan.

Peter Murray
9 Posted 28/01/2016 at 10:01:47
Dunc's appointment was puzzling given the established make-up of the coaching team. His current role is unclear – not exactly a healthy situation for staff morale.
Patrick Murphy
10 Posted 28/01/2016 at 10:18:44
At least two people on the bench are bankrupt – one in the real sense of the word and the other of ideas.

Seriously, how can people who earn or have earned more money in a week than most of us see in a year, manage to lose it all and then go bankrupt???

Probably, as has been said, due to bad advice and bad investments. I'm sure Duncan will not starve or feel the need to visit food-banks any time soon, so I'm not that sympathetic to be honest.

Kp Li
11 Posted 28/01/2016 at 10:33:26
Maybe he should sell his pigeons!
Craig Walker
12 Posted 28/01/2016 at 11:49:38
The missus bought me his £199 signed shirt for Christmas. Thought his testimonial and employment at Everton FC would see him good.

I still worship the guy. I wish we had a player like him now. In his first spell he was unplayable in derbies and against Man Utd. I used to row with my dad all the time about him. Dad was a football purist who felt that we lumped it up to him too much and that he was unreliable. I thought he was a hero in a team of also-rans.

Denis Richardson
13 Posted 28/01/2016 at 11:55:30
Not sure if this sounds worse than it actually is tbh. Loads of ex pros have filed for bankruptcy in the past and are still involved in the game as coaches, commentators etc, earning a decent living.

Doesn't seem to have a problem earning a salary afterwards, maybe the bankruptcy's just a way to wipe out past debts and start afresh with a clean slate (much like companies do). For example, David James filed a couple of years ago and is currently a BT Sports pundit ...

Phil Sammon
14 Posted 28/01/2016 at 12:13:48
I have little knowledge of bankruptcy and the laws surrounding it. But how do you wipe the slate clean, leaving others to sweep up the mess when you are in full-time employment earning thousands of pounds per week?
Nick Entwistle
16 Posted 28/01/2016 at 13:27:56
What does a Premier League coach earn these days? ٣k pw? I'm guessing here. I have no clue – but I think he'd be on a tidy sum.
Michael Penley
17 Posted 28/01/2016 at 14:29:01
I'd go bankrupt too if I had to listen to Martinez superlatives and platitudes every day of the week. I'd need to spend all my wages on booze just to keep me sane.
Des Farren
18 Posted 28/01/2016 at 16:03:07
I knew there had to be a Martinez angle to this one.
John Raftery
19 Posted 28/01/2016 at 16:20:57
I'm wondering if he is one of those like Kevin Campbell who acting on what turned out to be poor financial advice put a load of their money into dodgy investment schemes recently reported in the Sunday Times?
Russell Smith
20 Posted 28/01/2016 at 17:51:45
This is where Everton will be in a few years if we stick with Matinez, bankrupt. We will become another Leeds if he stays any longer.
Kevin Jones
21 Posted 28/01/2016 at 19:52:19
If countries can go bankrupt, why not thick footballers?
Jack Cross
22 Posted 29/01/2016 at 04:39:09
Usually you have to owe ٣,000 or over. Your income is looked at by the Official Receiver. They decide if you have enough assets to pay your creditor. Sometime they will set up an agreement so you pay a fixed monthly rate for three years. Even though your bankruptcy may write off any other debts owed you will still have to pay your monthly agreement. Unless your circumstances change.

If you have no assets. Your bankruptcy can write off all your debts, and you can be discharged with all restriction lifted within 12 months.

Then you need a certificate of discharge to apply for credit, mortgage, etc.

Jay Harris
23 Posted 29/01/2016 at 04:55:47
Dunc was a little bit like Naisy in that he would give money to any charity case and would not hesitate to walk in a bar and buy drinks for all the Evertonians. I am sure that's where he would have spent a lot of his "excess money".

However it is rumoured he got involved with some bad property investments and lost out big time.

Jack Cross
24 Posted 29/01/2016 at 05:01:31
When Duncan was made bankrupt the reporter said you must be heart broken giving up your pigeons. Duncan, said it's not too bad, I still have contact with the parrots.

Bloody terrible isn't it? The mans sick with worry! And the jokes are out already.

Haha.

Jack Cross
25 Posted 29/01/2016 at 05:18:56
Jay Harris (#19),

Now in the City game, when Lukaku and a City player was pulling each other in the box, did the ref blow up for offside, or for something else?

Lukaku pointed to himself! As if to say, "You mean me?"

Ian Bennett
26 Posted 29/01/2016 at 07:20:24
I suspect he is one of the many footballers who have had their tax avoidance scheme looked into, and lost the case.

A lot of footballers are going to be in the same boat, where they've dodged 40% on their £40k a week plus for years. HMRC are back in their 40%, and the players just ain't got it. This could be millions.

Steve Carse
27 Posted 29/01/2016 at 07:30:55
Jay (21), you've got it; disastrous real estate investments were the root cause.
Eric Myles
28 Posted 29/01/2016 at 08:06:49
Craig (#2), the problem usually is that most people with a bit of spare cash turn to IFAs who are only in the business to make the most money for themselves and screw up investment for their clients.
Eric Myles
29 Posted 29/01/2016 at 08:13:04
Nick #14, I'd say more likely nearer £5k a month, not a week.
Oliver Molloy
30 Posted 29/01/2016 at 08:34:22
Nick,

I know a guy who left a £60k a year job (sports-related) to go and work for Celtic, if that's any indication to what DF earns.

He works with young players there on lots of things. So, I would think he would be getting more than £60k. And then again, maybe not – the job at Celtic wouldn't do his CV any harm.


Andrew Ellams
31 Posted 29/01/2016 at 08:39:22
Didn't he go into the property business with Alan Stubbs?
Phil Walling
32 Posted 29/01/2016 at 10:40:43
Almost certainly a victim of a failed tax avoidance scheme but glad that BK saw fit to help him out in his hour of need. A pity he wasn't around for Tommy Lawton when he went skint.

Lack of good judgement will probably put the lid on any more talk of his succeeding Martinez.

Tony Hogan
33 Posted 29/01/2016 at 14:51:53
Something to do with his spell in Spain maybe?
Jay Harris
34 Posted 29/01/2016 at 17:12:49
I don't know Phil.

Martinez shows a lack of judgement every week.

Gerry Morrison
35 Posted 30/01/2016 at 01:59:39
Phil,
We were around for Tommy Lawton. I went to his testimonial, and I don't think he was giving the dosh to charity.

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