Former footballer and manager Iain Dowie is facing possible bankruptcy after being taken to court by HM Revenue & Customs.
The 60-year-old, best known for coining the term “bouncebackability” during his managerial days at Crystal Palace, has been hit with a bankruptcy petition and is due to appear before the High Court in the coming weeks.
The case marks another difficult chapter in Dowie’s post-football life, almost two decades after a costly legal dispute with Crystal Palace left him with a substantial bill.
In 2007, a court ruled that he had misled the club into waiving a £1 million compensation clause when he left Selhurst Park to join Charlton Athletic.
A source familiar with the situation suggested that Dowie’s current…