Former Newcastle United star Steve Watson has warned young football players to trust the right people with their finances after bad investment led to him being declared bankrupt.
Mr Watson, who is now manager of Gateshead FC , filed for bankrupty last year after falling victim to a film investment scheme that left him with a huge tax bill when HMRC judged it to have been a tax avoidance scam.
The fans favourite, still the youngest ever player to turn out for Newcastle United, said he has nothing to be ashamed of and added that dozens of players and other celebrities had fallen victim to the same scheme.
Mr Watson made the investment when he was in his early twenties and was drawn to the scheme as he is an avid film fan. His involvement l…
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