Shocking details have emerged on how a tennis superstar and Wimbledon legend, Boris Becker, lost a huge part of his £100million fortune in dubious investments in Nigerian oil firms.
German news magazine Der Spiegel – quoting documents from soccer whistleblowing platform Football Leaks – said Becker struck the deal in 2013, which contributed to his recent bankruptcy.
It is understood that the ‘mega-deal’ between the Nigerian oil firms and the tennis star was brokered by a Canadian firm and a Nigerian employee of Becker.
The report from Spiegel – citing some seen documents – claimed that in July 2013, Becker held shares in an oil and petrol firm in Nigeria. But the investments tanked and last month he was declared bankrupt.
While speaking to a court in London, John Briggs, Becker’s lawyer, said ‘He is not a sophisticated individual when it comes to finances.’
The 49-year-old, who was once estimated to be worth upwards of £100million, was declared bankrupt over undisclosed sums owed to London-based private bankers Arbuthnot Latham & Co since 2015.
His remaining assets will be disposed of to pay creditors. Among earlier cash woes, Becker was landed with divorce and paternity settlements in 2001 totalling more than £20million – to his first wife, Barbara, and Angela Ermakova, the Russian model who had his baby after a brief encounter in a London restaurant.
The six-time Grand Slam winner was also ordered to pay £2.5m for tax evasion the following year.