Former Premier League Star Seeks Justice After Losing Millions in Investment Scandal that Led to Struggles with Alcohol and Addiction

Former Premier League stars, who suffered massive losses from failed investments, are seeking justice.

TV pundit Danny Murphy, 48, revealed he became a victim of “financial abuse,” spiraling into alcohol, drugs, and gambling after losing approximately £5 million.

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He was one of nearly 200 players who invested with Kingsbridge Asset Management during the 1990s and 2000s.

The scheme attracted around £417 million before a series of failed ventures resulted in the loss of homes and bankruptcies.

Investors have been classified as “victims of crime” in a police inquiry but are still being pursued for millions in taxes.

Murphy is part of a group of 11 stars, including former Arsenal player Michael Thomas, advocating for better protection against tax liabilities.

In 2022, authorities stated that there wasn’t sufficient evidence to prosecute the financial advisers linked to the alleged fraud.

David McKee and Kevin McMenamin, who managed Kingsbridge, denied any wrongdoing during a segment on BBC’s Panorama last night.

Murphy expressed feelings of “shame” regarding his involvement.

“It’s the shame, embarrassment, and guilt of finding yourself in a situation where you think you’re better than,” he stated.

“I’ve lost about four – maybe five – million, roughly.”

“The financial abuse I’ve suffered has led to significant issues in my life.”

He further remarked: “The financial abuse within football and its darker aspects is something that has long been overlooked.”

Another former player, Rod Wallace, mentioned he has lost £1.9 million earned from his football career due to the scheme and is facing further financial distress.

“Kingsbridge has left me with a £1.6 million tax bill, which would ruin my financial life, leading to bankruptcy and homelessness; it would be catastrophic,” he stated.