Following years of money issues and a number of failed business ventures, Sir Bradley Wiggins, one of the finest cyclists Britain has ever produced, was declared bankrupt at Lancaster County Court on June 3, according to The Times.
Wiggins Rights Limited, a company owned by the 44-year-old cycling legend and Euxton resident alongside his ex-wife Cath and his mother Linda, entered voluntary liquidation in 2020 with debts of £650,000. Those debts later increased to a shade under £1m in 2022, with creditors claiming that this sum had not been paid by November 2023, leading them to warn Wiggins that he could be declared bankrupt.
As you would expect, those involved in elite sport are often focussed solely on their primary goals of winning titles and striving for sporting excellence. “'Professionals will surround them to advise on the financial benefits that follow that success, and they would be wise to ensure that their chosen advisors are trustworthy, and that they are safeguarding their client's long-term position.
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