Craig McDermott, an Australian Ashes hero known for his fiery, high-speed bowling that left English batsmen quaking, was once declared bankrupt due to a debt of tens of millions from a failed property business. McDermott was the spearhead of the Australian attack in the late 1980s and early 1990s. He achieved eight five-wicket hauls in Ashes Tests, including record figures of 8/97, and took an impressive 32 wickets in his final full series before injuries began to impact his career.
However, post-cricket life proved more challenging for McDermott as he ventured into the business world. The Queenslander was compelled to file for bankruptcy after a speculative business venture went disastrously wrong, leaving him with a £20m deficit….