TaxAdministrationGascoigne facing bankruptcy court

Gascoigne facing bankruptcy court

Former footballer Gascoigne could be declared bankrupt today over significant unpaid tax owing to Inland Revenue

The High Court in London is today considering a bankruptcy petition filed
against former England footballer Paul Gascoigne by the Inland Revenue over what
is understood to be significant tax payments owing.

At his peak, Gascoigne reportedly earned more than £1m a year as a player and
secured multi-million pound sponsorship deals to promote football boots and
aftershave, Sky News reports.

His fortune was once reportedly £14m, but the more money he made, the more he
would spend on an expensive lifestyle, drug rehabilitation treatments, failed
business ventures and a costly divorce from his wife. He also gave more than a
million pounds to charity.

Official court documents for the bankruptcy hearing describe Gascoigne’s
occupation as ‘unknown’ and report his assets close to £250,000.

Further reading:

Read
the Sky News story

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