Three-time Wimbledon champion Boris Becker faces jail for bankruptcy

0

Six-time Grand Slam winner and tennis legend Boris Becker has been arrested for bankruptcy. The German has been behind bars for two and a half years.

Boris Becker is a household name in the world of tennis. He had a very successful playing career with several Grand Slam tournaments and a very good coaching career when he coached Novak Djokovic several Grand Slam titles. But now, after recent events, his reputation has all but been tarnished.

The former US-Open champion declared bankruptcy in 2017 in a London court. He owed a bank around £3.3million at the time. Becker had missed the repayment date by two years and asked the bank not to pursue him. Meanwhile, he wanted to sell his house in Mallorca to pay off some of his debt. The bank’s registrar, however, reportedly refused, adding that “(one) has the impression of a guy with his head in the sand”.

Becker was found guilty in four insolvency law cases by Southwark Crown Court in London. The charges include removal of property, two counts of non-disclosure of estate and concealment of his debts.

It was also discovered that he transferred thousands of pounds from his business accounts to other accounts belonging to his ex-wife and ex-wife. This transfer was made after he declared bankruptcy in 2017. That’s not all. The German was also found guilty of failing to declare property in Germany, as well as concealing a bank loan worth €825,000. He also owned shares in a technology company which he did not disclose.

On the other hand, Becker auctioned memorabilia from his playing days to raise the funds for his reimbursement. He managed to raise nearly £700,000. Becker will now serve at least half the length of his sentence.

Share.

Comments are closed.