Wiggins sees huge financial setback doubled to nearly 2.5 million euros (!)
Cycling
Bradley Wiggins is facing a huge financial setback. In June, the court declared the former rider bankrupt and ordered him to refund 1.15 million euros to his creditors. However, liquidator MHA revised this amount to 2.4 million, twice as much, based on new data.
The misery began for Wiggins when his companies, Wiggins Rights Limited and New Team Cycling Limited, went bankrupt. The victims then initially demanded over 700,000 English pounds, which quickly escalated to 1 million pounds. Wiggins could not pay it and lost all his assets. His lawyer, Alan Sellers, painted an alarming picture in The Daily Mail. "It's a mess. He has lost everything, but everything. His house, his other home in Majorca, his savings, and his investments... He has no penny left. It's unfortunate. I don't know where he slept last night, and I don't know where he will sleep tonight or tomorrow. He has no permanent address."
Months later, the former Tour winner's financial worries are even worse. The doubling of creditors' claims is based on the records of Wiggins Rights Limited and New Team Cycling. It also spoke with key stakeholders. Georgina Eason is handling the bankruptcy on behalf of liquidator MHA: "As a result of these investigations, I have been able to substantiate the increased claim within the Director's [Wiggins's] bankruptcy proceedings," Eason told Cycling Weekly on Thursday.
Wiggins is not planning to pay the amount owed overnight. Accordingly, he previously filed a lawsuit. Last September, he told VTM News about the issue: "It's a long story. Many people have played a dirty game with me. But I will get everything back. A lot is happening," he said combatively.
Wiggins slowly recovers after years of misery
In addition to the current financial headaches, a candid Wiggins also shared earlier this year the misery he experienced in his youth that allowed him to find very little pleasure in his career as a cyclist. For example, he was sexually abused by his coach for several years in the past. In the same interview with VTM, Wiggins revealed that things have improved mentally. "Actually, I feel very well now. I'm in a healthier place mentally. I had lost my life a bit, but now I'm doing well. I'm on the way back. I'm glad I'm alive because I've had dark days. There was a lot of pressure on my shoulders. And a lot was going on in my head."
Read also
Il Lombardia 2024
Embark on an incredible journey to the first Cycling World Championship in Africa
The Pogacar effect: How Tadej has shaped the career of Matthews in a crucial way
Can Decathlon AG2R's big budget strike back against the 'Big Four' this spring?
No more doubts: Van Empel establishes dominance with successful comeback in cyclo-cross Gavere
Van der Poel's bold move in third lap secures victory in Gavere, completing a perfect three out of three
Latest Cycling News
Embark on an incredible journey to the first Cycling World Championship in Africa
The Pogacar effect: How Tadej has shaped the career of Matthews in a crucial way
Can Decathlon AG2R's big budget strike back against the 'Big Four' this spring?
No more doubts: Van Empel establishes dominance with successful comeback in cyclo-cross Gavere
Van der Poel's bold move in third lap secures victory in Gavere, completing a perfect three out of three
Popular Cycling News
Not Roglic or Van Aert, but Visma | Lease a Bike itself was the reason Tratnik left: "I started to get bored"
The comeback of Van der Poel: arrival in Lambo, warning from dad, and kind words from his girlfriend and Thibau Nys
Not everyone is happy about Van der Poel's return to cyclo-cross: "There was nothing to see in the race"
Meanwhile in the peloton | Van der Poel arrives to Gavere race in stylish, orange Lamborghini
Cyclo-cross rankings 2024/2025 | Alvarado wins 4 of out 5 but still keeps small gap with Brand
Latest Comments
- Well explained, thanks for the clarity! Daniel DantasDanieldantas20-12-2024
- This is the kind of 'news' that belongs in a cheap tabloid. No matter how boring the offseason gets, nobody wants to read this.
santiagobenites19-12-2024 - I wish we could have seen him try. He'd absolutely get dropped before Pogi overtakes his domestiquesVeganpotter10-12-2024
- Talk is cheap! Next year barring crashes with a healthy team... all well be on track! Some need to talk to make a headline!mootman27-11-2024
- I do not see this event listed on HBO Max Sports Online? Can anyone confirm? Thanks!
MrYuck23-11-2024 - It seemed that he was focusing forward at the time of the crash, after seeing a quick video snippet. But one thing I think he should focus on more intently is breaking a bad habit he has, right now. And that is his constant looking over his shoulders. He does that so much, that I am very sure it is not good for him. Simply watch videos of the greats of CX and you will see very little of that constant looking over their shoulders. That is a behavior that betrays a bit of insecurity on his part. He shouldn't be so concerned, incessantly, about what is over his shoulder. He needn't worry they didn't all disappear. He neds to keep his focus more ahead of himself, and he needs to pay a bit more attention to himself, in a confident manner. It is very frustrating to watch, because it is apparent that he has a lot of potential, and is in much better shape thwan many of his competitors, but the mental game needs to be sharpened more, because that part of strategy plays a huge part in the final results
reemmo022-11-2024 - hahahaha love this shit! I didnt even watched the race, but reading all the gossip articles of how stupid this is!Zatoichi19-11-2024
- Van Aert is really handsome. He can influence me all day! Ditto for Philipsen. Why do you think many of us love cycling?: to see heroic attempts at climbing mountains at high altitudes or to watch speedsters sprint for the finish line or to watch a human being ride at break neck speed down a tricky descent? No, it's all about their lean physiques and muscular legs. (apologies for objectifying these dedicated and amazing athletes).BarwonHeadsUp25-10-2024
- It is unfortunate that the author can't feel the joy that Pogacar brings to the sport and his fans who are legion and I for one feel lucky to have watched such a memorable performance and historic season From the Strada until yesterday with multiple wins in stages in both tours and beyond dominance in the World's. He is proud to wear the Rainbow stripes, shows his leadership to protect his fellows and is as courteous and sportsman-like as the sport allows. He goes early to not have to respond to each attack as all the rest would make him do it. Any racer who could would do the same. Don't "grow tired" of greatness as it is always fleeting.ccrider13-10-2024
- What load of rubbish. Pog is likely a once in a generation cyclist, the like of which hasn't been seen since 'the Cannibal '. How many people were complaining that Merckx was making racing predictable? I remember this year's World RR as one of the most exciting I've watched. Mainly BECAUSE Pog was the favourite and launched what everyone thought (Pog included) was a suicidal attack with 80km to go. For the next 2 hours, I was on the edge of my seat thinking "this is too much, even for Pog". Maybe Zonnefeld prefers the snooze-fest that is a bunch sprint? Like most people I know, I can't watch two hours of the bunch riding very fast... I wait for the final 5km and watch just the sprint. In any event, most races are won from a sprint or lone break. What difference does it make who makes the lone break? Ultimately, the other contenders will have to figure out a way to beat Pog. Even if that means collaboration between teams. It's going to be an exciting few seasons, until the next Pog arrives on the scene. If this is boring, heaven knows what exciting looks like!Michael513-10-2024