Liverpool legend Barnes declared bankrupt

Liverpool FC legend John Barnes has been declared bankrupt. A bankruptcy notice published in the London Gazette on Tuesday confirmed a HM Revenue and Customs petition against the former footballer has been granted. The former footballer’s company John Barnes Media Limited racked up debts of over £1.5 million in combined unpaid VAT, National Insurance and…

England & Liverpool legend declared bankrupt over £1.5m debts as ‘serve as a deterrent’ warning sent

Company collapse and tax nightmare The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging…

England & Liverpool legend declared bankrupt over £1.5m debts as ‘serve as a deterrent’ warning sent

Company collapse and tax nightmare The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging…

“A warning shot for the cycling and outdoor industry”: YT Industries files for insolvency as original founder starts process of buying back company

YT Industries is a brand that quickly made its name in the cycling industry for providing accessibly priced bikes for ‘young talent‘. From there, the brand sponsored many a successful athlete, such as Vali Holl and Andreu Lacondeguy, both of whom rode YT bikes to achieve incredible results. Oh, and remember the ad that starred Christopher Walken?…

John Barnes Faces Bankruptcy Amid £1.5 Million Debt Crisis

Liverpool Legend John Barnes Declared Bankrupt Amidst £1.5 Million Debt Crisis John Barnes, the iconic former Liverpool winger, has recently been declared bankrupt after his business faced a staggering £1.5 million in debt. This development not only sends shockwaves through the football community but also highlights the financial challenges that retired athletes can face post-career.…