How Sven-Goran Erikkson blew £10million as it's revealed he died millions in debt
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The lawyer of Sven-Goran Erikkson has said it will be "no surprise at all" for his family that the former England manager died in debt. The beloved football coach died with a debt of millions of pounds, it has been revealed. Despite earning big money managing teams including England and Manchester City, he was close to personal bankruptcy after being scammed out of 100 million.
Sven died at the age of 76 in August last year after being diagnosed with terminal pancreatic cancer. On Tuesday, the legendary football coach's estate was published - revealing that he died with a debt of 118 million kronor (£8.6m). Respected Swedish newspaper Gotesborg-Posten reported that at the time of his death, there were 66 million kronor of assets, but the estate inventory also shows that he had debts totalling 118 million kronor. This means that the estate has a deficit of just over 51 million kronor (£3.7m). The financial details have been filed with the Swedish Tax Agency.
Sven family's lawyer, Anders Runebjer told Swedish publication Expressen: "It is no surprise at all for those involved. It was expected. Svennis even said that 'I will not leave any money behind me'. And that was the case. It is the debt to the English tax authorities that is the background to the large total of debts. If it were not for that then there would have been no danger.".
Sven's will states that his assets go to his children Lina and Johan. They would in turn ensure that Sven's father Sven Eriksson, 95, could continue to live at the same financial level as he does today. According to Expressen, Sven also wanted to give his girlfriend Yaniseth ten million kronor(£730,000), provided that his assets exceeded 100 million(£7.3m).
