By Tyler Durden: It has already been one of the most remarkable rags to riches and then
back to rags - with a bankruptcy on top - stories ever, and it is
getting more bizarre by the day.
Three months ago, we reported that while Boris Becker was a legend on the tennis court, when it comes to investing, he appears to have shared an adviser with Johnny Depp.
Becker shot to fame when he won Wimbledon aged just 17 and went on to win a total of six Grand Slam titles, including a further two Wimbledon titles, two Australian Opens, and a US Open crown, before retiring in 1999 aged just 31 and moving into business. Alas, here the fairy tale ends, and according to claims in the German lame-stream media, Boris Becker may have lost a substantial portion of his roughly €50 million fortune in part because of questionable investments in the Nigerian oil industry.
Yes, not only did Becker fall pray to the infamous marriage scam, but also to the notorious Nigerian scam!
Spiegel claimed that it has seen details of a single investment of “more than $10m” in Nigerian oil prepared for Becker by Forbes & Manhattan, a Canadian investment bank and a former associate of the tennis player. Furthermore, the world's former top tennis player had extensive links outside the world of tennis that ranged from African leaders to Laxmi Mittal, the Indian steel billionaire, to John Mahama, the former president of Ghana, and was seen as some one who could facilitate business deals.
Whatever the details of Becker's business dealings, they proved to be a total disaster, and in June, the former tennis idol was declared bankrupt in a London court after a private London bank claimed it was owed almost £10 million. During the bankruptcy proceedings, John Briggs, Becker’s lawyer, told the court: “He is not a sophisticated individual when it comes to finances.”
Now, thanks to The Times we learn that Becker was forced to borrow £2 million from a British telecoms tycoon after he was warned that he could be jailed because of mounting debts totalling £50 million. As a result, Becker is forced to sell his Wimbledon trophies and has been ordered not to remove them and other memorabilia from his £7 million home in London as they could be seized for auction.
Details of Becker’s financial predicament are included in a report by the accountants appointed to administer his affairs after he was declared bankrupt, when he failed to repay a loan to the London private bankers Arbuthnot Latham & Co. His debts were said to include €38.4 million owed to Hans-Dieter Cleven, a Swiss businessman and his long-term business adviser.
Smith & Williamson, the accountants, are said to have concluded it is “probable” that other creditors will emerge. Becker’s lawyer, Christian-Oliver Moser, said that the alleged debt of £54.1 million was “vehemently denied” with the true figure being “significantly lower”.
Meanwhile, when netting out his debt, Becker's net worth is barely in the green. According to his bankruptcy administrators, Smith & Williamson, and valuations of his assets by experts from Wyles Hardy & Co which show the level of his debts, Becker's assets are just €540,000, reported German magazine Stern. At the time of his bankruptcy Becker reportedly had £5,000 in his own bank account with another £35,000 in a joint account, presumably with his wife, Lilly.
This does not include the Becker family home in Wimbledon, south London; an apartment in the capital occupied by Angela Ermakova, the mother of his daughter, Anna, who was conceived in an infamous one-night stand at Nobu; and the house were his mother lives in Leimen, Germany.
Prior to being declared bankrupt, Becker had asked for the case to be adjourned for 28 days to raise a £6 million mortgage on a villa he owned in Majorca, although it has emerged that he allegedly owes €5.4 million to his company, which owns the property.
Edited by AA
Source
Three months ago, we reported that while Boris Becker was a legend on the tennis court, when it comes to investing, he appears to have shared an adviser with Johnny Depp. Becker shot to fame when he won Wimbledon aged just 17 and went on to win a total of six Grand Slam titles, including a further two Wimbledon titles, two Australian Opens, and a US Open crown, before retiring in 1999 aged just 31 and moving into business. Alas, here the fairy tale ends, and according to claims in the German lame-stream media, Boris Becker may have lost a substantial portion of his roughly €50 million fortune in part because of questionable investments in the Nigerian oil industry.
Yes, not only did Becker fall pray to the infamous marriage scam, but also to the notorious Nigerian scam!
Hello 🌎, standing on my fav court in the world...@Wimbledon pic.twitter.com/bCQ2PhK3dn— Boris Becker (@TheBorisBecker) 1 October 2017
Spiegel claimed that it has seen details of a single investment of “more than $10m” in Nigerian oil prepared for Becker by Forbes & Manhattan, a Canadian investment bank and a former associate of the tennis player. Furthermore, the world's former top tennis player had extensive links outside the world of tennis that ranged from African leaders to Laxmi Mittal, the Indian steel billionaire, to John Mahama, the former president of Ghana, and was seen as some one who could facilitate business deals.
Whatever the details of Becker's business dealings, they proved to be a total disaster, and in June, the former tennis idol was declared bankrupt in a London court after a private London bank claimed it was owed almost £10 million. During the bankruptcy proceedings, John Briggs, Becker’s lawyer, told the court: “He is not a sophisticated individual when it comes to finances.”
Now, thanks to The Times we learn that Becker was forced to borrow £2 million from a British telecoms tycoon after he was warned that he could be jailed because of mounting debts totalling £50 million. As a result, Becker is forced to sell his Wimbledon trophies and has been ordered not to remove them and other memorabilia from his £7 million home in London as they could be seized for auction.
It has been an amazing fall from grace for Becker, 49, once one of the richest sportsmen in the world, with an estimated fortune of €50 million. According to the Times, Becker is left with assets of only €540,000 (£481,483), based on reports in the German press. The money he earned on the court was spent on a divorce, an extravagant lifestyle, failed business projects and settling unpaid tax bills. He now works as a commentator for the BBC and other media.Becker was forced to go cap in hand to John Caudwell, the billionaire co-founder of Phones 4U. The pair had been introduced by a financial adviser who contacted Mr Caudwell, 64, about three years ago saying that Becker needed a loan. It was agreed with an interest rate apparently of 25 per cent.
The pair became friends after being introduced by the businessman’s former financial adviser, Nathalie Dauriac-Stoebe. In about 2014 Ms Dauriac-Stoebe allegedly contacted Mr Caudwell, whose daughter, Rhiannon, worked as a PA in Becker’s London office, saying the former Wimbledon champion needed an urgent loan. “Nathalie said if you don’t give him a loan then there is a strong chance he [Becker] could go to jail in Spain,” a spokesman for Mr Caudwell said.
The businessman agreed to lend Becker £2 million with an interest rate suitable for a “high risk, short-term loan”. Mr Caudwell’s spokesman said the loan was repaid, although later than agreed. It helped keep the scale of Becker’s troubles confidential but in June the pretence was over when the Bankruptcy and Companies Court in London declared him bankrupt after a 30-minute hearing. Registrar Christine Derrett said there was “no credible evidence” that Becker would raise the money to settle his “substantial” debt and he gave the “impression of a man rather burying his head in the sand”.
Details of Becker’s financial predicament are included in a report by the accountants appointed to administer his affairs after he was declared bankrupt, when he failed to repay a loan to the London private bankers Arbuthnot Latham & Co. His debts were said to include €38.4 million owed to Hans-Dieter Cleven, a Swiss businessman and his long-term business adviser.
Smith & Williamson, the accountants, are said to have concluded it is “probable” that other creditors will emerge. Becker’s lawyer, Christian-Oliver Moser, said that the alleged debt of £54.1 million was “vehemently denied” with the true figure being “significantly lower”.
Alas, the balls came crashing down with his bankruptcy in the summer and the scale of his problems was laid bare yesterday with reports in Germany that he owes more than £54.4 million. The £10.5 million owed to private bankers Arbuthnot Latham, who secured his bankruptcy, was described as the “tip of the iceberg”.The German tennis champion knew where to turn when he feared that his financial incompetence was once again leading to the threat of jail. Mr Caudwell agreed to the huge loan which enabled Becker to juggle the demands of banks, an ex-wife and lover and business partners while maintaining his jet-set lifestyle.
Meanwhile, when netting out his debt, Becker's net worth is barely in the green. According to his bankruptcy administrators, Smith & Williamson, and valuations of his assets by experts from Wyles Hardy & Co which show the level of his debts, Becker's assets are just €540,000, reported German magazine Stern. At the time of his bankruptcy Becker reportedly had £5,000 in his own bank account with another £35,000 in a joint account, presumably with his wife, Lilly.
This does not include the Becker family home in Wimbledon, south London; an apartment in the capital occupied by Angela Ermakova, the mother of his daughter, Anna, who was conceived in an infamous one-night stand at Nobu; and the house were his mother lives in Leimen, Germany.
Prior to being declared bankrupt, Becker had asked for the case to be adjourned for 28 days to raise a £6 million mortgage on a villa he owned in Majorca, although it has emerged that he allegedly owes €5.4 million to his company, which owns the property.
Edited by AA
Source
Number of substantial structures on Earth built by women: 0
ReplyDeleteNumber of substantial structures on Earth built by men: ALL
Number of wars in which women were trafficked and disposed of for our rights: 0
Number of wars in which men were trafficked and disposed of for our rights: ALL
Feminism isn't about equality. It's about equity (socialism). Feminism is about forced wealth & power transfer. That's why they call it socialism in panties. Feminism is simply hyper-gynocentrism (gynocentrism 2.0). Gynocentrism is Tradcon feminism (feminism 1.0). Feminism is about forcing wealth and power from men to women & her true husband, the state; hence Title IX, Affirmative Action, Affirmative Consent, No-Fault Divorce, quotas for women (positive discrimination against men), alimony, asset division, child support (alimony++), SNAP, WIC and on and on and on. Equity. Equity. Equity. Socialism. Socialism. Socialism. Toxic masculinity, man-spreading and man-splaining, oh my! Toto, I've a feeling we're not in Kansas anymore!
The funny part is, you hear men complain of the coming man tax. That's how deep the brainwashing and social conditioning goes. Most men are entirely clueless - and they're meant to be kept that way by women & the state. They didn't call it a man tax and it has been with us for several decades already. Man gets down on one knee, offers up a diamond and vows to provide for and protect his bride (prostitute) for life. Then he gets divorce raped, pays alimony, asset division and child support whilst x-wifey does the pool boy & cute bartender and buys them pretty things with x-hubby's hard earned $$$. They call it marriage, the biggest long con and forced wealth transfer scam in all of inhuman history. What was the attraction for men? Validation. Self-esteem. Ego. The chance to be a 'real man', because real men kneel before their benevolent rulers.
Feminism is civilization-level appropriation of men's stunning achievements by women and the state. Feminism is hyper-gynocentrism. Feminism & gynocentrism drive male disposability. Gynocentrism is the exploitation, trafficking, manipulation & disposal of men for women's and the state's advancement.
Men are being taken bigly and most haven't the slightest clue. Male sexism, misogyny and the evil patriarchy are projections upon men by feminists (hyper-gynocentrists) to conceal the exploitation, trafficking, manipulation, brainwashing and disposal of men. Tradcon = Good Cop. Feminist = Bad Cop. They're attacks meant to put men on their heels in defense. They're attacks meant to shame men into silence and compliance. They're attacks meant to condition men into thinking everything bad is men's fault - when everything good is the result of men's stunning achievements. We've all been conditioned not to care about men.
POON PSYOPS 101. Know thine enemy.
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
--Sun Tzu, The Art of War
I like your style.
DeleteNote Boris' tweet and the look on his face, ...I suggest that we put Boris on suicide watch and that all of us in the men's rights movement send him our moral support.
ReplyDelete