"Working-class footballers lost hundreds of millions to financial mis-selling, but the V11 group is still being pursued for tax on money they never had."
"Hundreds of footballers are believed to have invested with Kingsbridge Asset Management, some lost their homes and were made bankrupt."
"City of London Police opened an investigation into the case in 2018 and told the players they were 'victims of crime'."
"No charges were brought against Kingsbridge staff, and HMRC has chased tax owed on the investments, many of which have since diminished."
A group of retired footballers, part of the V11 campaign, claims they were victims of financial abuse by Kingsbridge Asset Management, losing tens of millions. The players, including Danny Murphy and Rod Wallace, are facing tax demands on money they never received. The Prime Minister has agreed to a meeting to discuss government support for the affected individuals. An investigation by City of London Police was closed due to insufficient evidence, and no charges were filed against Kingsbridge staff, leaving many players in dire financial situations.
Read at www.bbc.com
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