Stars who blew footballing fortune and ended up broke like Ronaldinho, Paul Merson, Gazza and Royston Drenthe – The Sun

FROM rags to riches and back again – unfortunately, it’s an all too common trend in football. Here, SunSport takes a look back at the high-profile stars who blew their millions on booze, bets and.. football academies. Royston Drenthe has been declared bankrupt by a Dutch courtCredit: Getty – Contributor ROYSTON DRENTHE The former Everton…

Ex-Real Madrid and Everton flop Royston Drenthe declared bankrupt at 33 after losing £3.2million fortune – The Sun

FORMER Everton star and Holland international Royston Drenthe has been declared bankrupt. The 33-year-old is currently plying his trade in the Dutch Division Two with Kozak Boys, but has some problems off the pitch. 3 Royston Drenthe has been declared bankrupt by a Dutch courtCredit: Getty – Contributor As reported by Dutch news-site AD, a…

New insolvency law could cause ‘influx of shonky operators’ – The Australian Financial Review

The loosening will remove the existing professional requirements for insolvency practitioners to have 4000 hours of supervised work experience in the past five years and a postgraduate qualification in insolvency law. Australian Restructuring Insolvency and Turnaround Association chief executive John Winter said the proposed legislation was “broken” and it was “completely flawed” that accountants could…

Aussie icon among 60 business closures – Queensland Times

Queensland companies are continuing to collapse by the dozen despite the state’s economy slowly recovering from the devastating COVID-19 shutdown. In November 60 companies were put into liquidation or administration – far less than before the pandemic. Previous modelling suggests thousands of Queensland small businesses continue to rely on the federal government’s JobKeeper program and…