MPs have been warned by one of UEFA’s most senior officials, that Liverpool FC’s debt problems brought them within hours of administration. William Gaillard, a senior adviser at European footballing governing body UEFA, told a parliamentary inquiry into the governance of English football that Liverpool FC was a prime example of why financial fair play [...]
April, 2011
Risk of credit card debts when wifi surfing
Millions of people using public wi-Fi wireless internet “hotspots” could be susceptible to large credit card debts being amassed as a result of data collected from their smartphones. The investigation by the Guardian newspaper established that information such as usernames, passwords and credit card information could be obtained with ease, without the user’s knowledge, which [...]
Psychologist explores links between money habits and personality
As part of a large nationwide study, the BBC (along with leading psychologists and university professors), are undertaking a large-scale survey in an attempt to explain the link between our personality and spending or saving habits. Despite the current economic climate, it is widely known that many people still like to indulge in a spot [...]
Fan group alleviates staff debt problems at bankrupt Plymouth Argyle FC
Some supporters of bankrupt club Plymouth Argyle have raised in excess of £5,000 to loan to the staff who are currently working without pay at the football club, in order to help them alleviate their debt problems. Staff at the club have been working without pay since January 2011, as the club is in severe [...]
Former X Factor judge Sharon Osbourne blames herself for family debt problems
Following reports that her family were facing debt problems serious enough for them to lose their house, Sharon Osbourne has spoken out about the issue on The Talk, a US chat show she appears on regularly. It was reported recently that the Osbourne family owed $1.7 million in unpaid taxes to the Internal Revenue Service [...]
London and Northern Ireland identified as debt hotspots
A new study has revealed that Northern Ireland and the city of London are ‘debt hotspots’, where people are struggling with debt problems and bankruptcy more so than anywhere else in the country. The Consumer Credit Counselling Service (CCCS) found that per population, London had the highest level of demand for debt advice and help. [...]
Richest man in Ireland Sean Quinn faces bankruptcy
The Irish construction, property and financial tycoon Sean Quinn, who was once believed to be the richest man in Ireland, may now face bankruptcy due to his debt management problems. Before the global financial crisis, Sean Quinn was believed to have amassed a personal fortune of €5 billion. He had earned his wealth through the [...]
Former North Yorkshire councillor declares bankruptcy
A former county councillor and health authority boss from North Yorkshire has been forced into bankruptcy after reportedly running-up thousands of pounds in debt. Susan Wrigley, who was a Conservative county councillor for Tadcaster East for many years and also served as the head of the authority’s social services committee, was declared bankrupt in York [...]
Pub landlady declares bankruptcy after gang shooting ruined business
The former landlady of a pub in Edinburgh has been forced to file for bankruptcy after a man was shot on the premises and her business was ruined. Rose Ann Crawford, 58, was the landlady of a pub notorious for its criminal patrons, particularly the former boxer turned cocaine dealer James Carlin who turned the [...]
Sheffield man’s love of Lego lands him with debt problems
An autistic man from Sheffield has found himself with relatively serious debt problems after over-indulging in his favourite hobby – Lego. Christopher Royston, 32, has a large collection of Lego models and sculptures in his house in Heeley. He spoke to the Sheffield Star newspaper about his debt problems, explaining that he had continued to [...]
