Former Liverpool, Leicester City, and Aston Villa striker Emile Heskey is allegedly grappling with financial challenges, reportedly on the brink of bankruptcy.
The 45-year-old, who earned 62 caps for England and boasted an estimated net worth of £12 million in 2009, is said to be facing financial difficulties linked to his involvement in a celebrity investment scheme. This scheme, now embroiled in a £1.6 billion tax dispute, has led to HMRC filing a bankruptcy petition against Heskey in the High Court, according to The Sun.
Heskey's financial woes became evident in 2023 when it was revealed that he had defaulted on £92,000 of tax related to his role as a football development officer from 2017 to 2020. A penalty of £42,000 was imposed on Heskey. Furthermore, a bar he ran with his wife Chantelle Tagoe, called Parea, was reportedly wound up by the courts in May of the current year due to debts totaling £163,000.
Documents from Companies House indicated that Parea, established in 2018, faced closure after a local catering company sought to wind up the business over unpaid debts. The celebrity investment scheme, reportedly managed by Ingenious Media, a financing company with a portfolio of over 60 films, allegedly included investors like David Beckham, Steven Gerrard, Jeremy Paxman, Robbie Williams, and Heskey. This investment initiative has been surrounded by controversy in recent years.
The challenges faced by Emile Heskey highlight the broader complexities and pitfalls that can be associated with high-profile investments and financial ventures.
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