Boris Becker Bankruptcy: Tennis Legend lost £100million Investing in Nigerian Oil
Stunning details have emerged to show that tennis legend Boris Becker lost a huge part of his £100million fortune in shady investments in the Nigerian oil sector.
The shocking revelation was made by top German news magazine Der Spiegel – citing documents from soccer whistleblowing platform Football Leaks – which claims that Becker struck deals with Nigerian oil firms in 2013.
According to the magazine, the dubious ‘mega-deal’ was brokered by a Canadian firm and a Nigerian employee of Becker.
The documents reveal that in July 2013 Becker held shares in an oil and petrol firm in Nigeria, but the deal tanked last month after nearly a year of contraction in the oil sector that also had crippling effects on the Nigerian economy.
According to his lawyer, John Briggs, the former Wimbledon champion was not a ‘sophisticated individual’ in matters of finance.
Becker, 49, once estimated to be worth upwards of £100million, was subsequently declared bankrupt over undisclosed sums owed to London-based private bankers Arbuthnot Latham & Co since 2015, Daily Mail writes.
It is understood that his remaining assets will be disposed of to pay creditors following a ruling by a UK judge in June that he’d had the debts for a ‘very long time’.
Bad boy Becker’s fall from grace began with a divorce and paternity settlements in 2001 totalling more than £20million – to his first wife, Barbara. He similarly had a massive settlement case with Angela Ermakova, the Russian model who had his baby after a brief encounter in a London restaurant.
The six-time Grand Slam winner’s cash woes continued in 2002 after he was slammed a two-year suspended sentence for tax evasion, with an order to pay £2.5million in back tax, fines, and costs after claiming Monaco as his main residence while mostly living in Munich.
Now married to Lilly-Rose, Becker has worked as a tennis commentator after he was fired from Novak Djokovic’s coaching crew in December 2016.