BusinessBusiness RecoverySven-Goran Erikkson hires Kingston Smith to liquidate advisors

Sven-Goran Erikkson hires Kingston Smith to liquidate advisors

Ex-England manager calls in Ian Defty to liquidate company of former financial advisors

FORMER ENGLAND MANAGER Sven-Goran Erikkson has called in an insolvency professional from Kingston Smith to liquidate his former financial advisors.

Ian Defty (pictured) of Kingston Smith & Partners has been appointed liquidator of Pier 24.

The Manchester City manager brought a winding-up petition against the business for personal debts of £887,815.

Defty said: “The size of the debt means that our investigation into who was involved in the company and why it failed will be centred on how such a large petition debt arose in the first place.

“Our understanding is that the company had overseas interests, so our focus will be widespread.”

Erikkson was previously a shareholder in Pier 24.

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