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Tennis champion declared bankrupt after investing in Nigeria’s oil – Citifmonline

Boris Becker may have lost his £100m fortune in part because of questionable investments in the Nigerian oil industry, according to claims in the German press.

Since the 49-year-old former tennis star was declared bankrupt in a London court last month, speculation has been rife over how he managed to squander a personal fortune estimated at over £100m.

Now Germanys Spiegel magazine has published claims that Mr Beckers business dealings went far deeper than celebrity endorsements and media appearances.

The magazine claims he made investments in the Nigerian oil and gas industry, and at one point considered a single investment of more than $10m (£7.6m).

It also alleges he had extensive links outside the world of tennis th…

Read the full article at: https://citifmonline.com/2017/07/19/tennis-champion-declaretennis-champion-declared-bankrupt-after-investing-in-nigerias-oild-bankrupt-after-losing-100m-in-nigeria/

Category: BankruptcyBy Insolvency GuardianJuly 19, 2017

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Tennis champion declared bankrupt after investing in Nigeria’s oil – Citifmonline

Boris Becker may have lost his £100m fortune in part because of questionable investments in the Nigerian oil industry, according to claims in the German press.

Since the 49-year-old former tennis star was declared bankrupt in a London court last month, speculation has been rife over how he managed to squander a personal fortune estimated at over £100m.

Now Germanys Spiegel magazine has published claims that Mr Beckers business dealings went far deeper than celebrity endorsements and media appearances.

The magazine claims he made investments in the Nigerian oil and gas industry, and at one point considered a single investment of more than $10m (£7.6m).

It also alleges he had extensive links outside the world of tennis th…

Read the full article at: http://citifmonline.com/2017/07/19/tennis-champion-declaretennis-champion-declared-bankrupt-after-investing-in-nigerias-oild-bankrupt-after-losing-100m-in-nigeria/

Category: BankruptcyBy Insolvency GuardianJuly 19, 2017

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PreviousPrevious post:How one phone call could help get you out of debt for free – 9news.com.auNextNext post:Tennis champion declared bankrupt after investing in Nigeria’s oil – Citifmonline

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