South African Footballers Who Went Broke After Retirement
These are the former South African Footballers Who Went Broke After Retirement. The sad truth about footballers lives is that they aren’t taught how to manage their sudden increase in funds, and they get caught in a trap living lavish lifestyles they can’t keep up with.
Hareipha ‘Simba’ Marumo once made an astonishing statement that said: “70 percent of our retired players are living in extreme poverty.”
This is quite an astounding number but one which is believable as the Fan Park highlights a number of players who splurged all their money and have turned out broke.
The South African Footballers Who Went Broke After Retirement
10. Benedict Vilakazi
A player who had the world of expectation thrust upon his shoulders, fell by the wayside with his controversial lifestyle.
His professional career was rocked by sex scandals with juveniles including being dragged to court on allegation of statutory rape, which in turn prohibited his move to Swedish side Djurgården.
He then moved from club to club but disciplinary issues followed him everywhere and he was landed up quitting the game at the age of 30.
9. Philemon Masinga
Once a multi-millionaire who owned petrol stations, boutiques and night clubs was declared penniless back in 2011.
The man, whose historic goal took South Africa to its first World Cup in 1998, went from a million rand mansion in Klerksdorp to moving into the back room of his mother’s house.
He has lately been involved in the Castle Lager SuperStars campaign, where he has become a brand ambassador for the beer company.
8. David Mkandiwire
David Mkandiwire used to play for Maritzburg United and Pretoria University as defender. David was a flamboyant defender, man-marking the most lethal strikers into silence.
But David Mkandiwire is now homeless asking for money in the streets.
According to New Age David Mkandiwire’s Former friend said he’s trying to make arrangement for his mother to come and get him,that way it will be better for him than to live like this.
7. Junaid Hartley
Hartley went broke after he used all the money believed he had made to his career by paying lawyers when he was attempting to cut ties with Orlando Pirates.
He tried to live revive his career but to his unluck , nothing of what he favors best availed.
6. Lovers Mohlala
The former Mamelodi Sundowns man has openly spoken about how he went bankrupt during his rise to fame.
The girls and the parties saw him lose focus on life and he threw away all his income on his lavish lifestyle.
5. Benedict Vilakazi
A player who had the world of expectation thrust upon his shoulders, fell by the wayside with his controversial lifestyle.
His professional career was rocked by sex scandals with juveniles including being dragged to court on allegation of statutory rape, which in turn prohibited his move to Swedish side Djurgården.
He then moved from club to club but disciplinary issues followed him everywhere and he was landed up quitting the game at the age of 30.
4. Teko Modise
The midfielder comes as a bit of a shock. News broke earlier this that the Sundowns man has been declared bankrupt after he has struggled to pay off his snazzy cars and various loans, despite earning an estimated R330 000 a month.
3. Jabu ‘Pule’ Mahlangu
However, he could never quite escape his past and he splurged his money on alcohol and an exceptionally dramatic party lifestyle.
Jabu once confirmed that footballers were never taught the importance of how to look after their finances and possessions, and that most local players were forced to learn the hard way.
2. Steve Lekoelea
Like his friend Mahlangu, Steve admitted in Soccer Laduma’s 900 edition that he too had gone bankrupt after breaking ties with his clubs and retiring at such a young age.
His party lifestyle proved to be to his detriment, and his just like his quick feet were, his money went from a positive balance to a negative within a quick touch of the ball.
1. Thembinkosi Fanteni
Once the most lethal boot in the football fraternity, Fanteni was famous for loving to live life to the extreme off the field.
Blowing each and every dime on Louis Vuitton products, women and cars, the only thing that can be classified as ‘terror’, where Fanteni is concerned, is his bank balance.
Despite having been on the lookout for a new team for many years now, Fanteni finds himself in a bit of financial trouble as he isn’t getting a set salary. – Newshub360.net
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Credit : www.Newshub360.net
