Monthly Archives: March 2013

Survey says: most U.K. pro soccer players go broke.

XPro, a charity that helps former professional footballers in the UK and Ireland, has found that a majority of top-division players go broke within five years of ending their careers.

Premier League

Research by XPro showed that three in five players encountered major financial difficulties despite the average Premier League wage being £30,000 ($45,000 U.S.) per week.

XPro chief executive Geoff Scott, an ex-Leicester and Stoke player, told the Sun on Sunday: “Our database shows three in five players go bankrupt within five years, and that coincides with one in three getting divorced within 12 months [of the end of a playing career].

“Often they are advised by the wrong people and, before they know it, their assets have disappeared. Even if they manage careers in the media or on the after-dinner circuit, some aren’t aware they need to put money away for the taxman. It might sound incredible to normal fans – but it can and does happen.”

The charity is assisting former Aston Villa star Lee Hendrie, who has been declared bankrupt.

Mark Sands, of bankruptcy specialists RSM Tenon, told the paper many footballers encountered problems after “developing expensive tastes and making risky investments”.

“When their playing career came to an end, they had no second income and their earnings dropped rapidly,” he explained. “And as their earnings dropped, their expenditure did not.” Read more here from XPro’s latest news section.

 

Survey says: Majority of U.K. pro soccer players go broke.

XPro, a charity that helps former professional footballers in the UK and Ireland, has found that a majority of top-division players go broke within five years of ending their careers.

Premier League

Research by XPro showed that three in five players encountered major financial difficulties despite the average Premier League wage being £30,000 ($45,000 U.S.) per week.

XPro chief executive Geoff Scott, an ex-Leicester and Stoke player, told the Sun on Sunday: “Our database shows three in five players go bankrupt within five years, and that coincides with one in three getting divorced within 12 months [of the end of a playing career].

“Often they are advised by the wrong people and, before they know it, their assets have disappeared. Even if they manage careers in the media or on the after-dinner circuit, some aren’t aware they need to put money away for the taxman. It might sound incredible to normal fans – but it can and does happen.”

The charity is assisting former Aston Villa star Lee Hendrie, who has been declared bankrupt.

Mark Sands, of bankruptcy specialists RSM Tenon, told the paper many footballers encountered problems after “developing expensive tastes and making risky investments”.

“When their playing career came to an end, they had no second income and their earnings dropped rapidly,” he explained. “And as their earnings dropped, their expenditure did not.” Read more here from XPro’s latest news section.

Code Four Athletics soccer uniform kits are even more affordable!

Four-piece uniform kits, now just $44-$54. We just lowered our uniform kits to our best prices in years! We offer several 4-piece soccer uniform kits including home and away jerseys with numbers, one pair of shorts and socks in a variety of colors (min. 12 players).

Three-piece kits as low as $22! Just need one jersey? Check out our 3-piece kit pricing including numbered team jerseyr, shorts and socks in a variety of colors (min. 12 players).

Pioneer-Bravo-kit soccer uniform kit by Code Four AthleticsNova-Galaxy-kit

Code Four Athletics soccer uniform kits are even more affordable!

Nova-Galaxy-kitFour-piece uniform kits, now just $44-$54. We just lowered our uniform kits to our best prices in years! We offer several 4-piece soccer uniform kits including home and away jerseys with numbers, one pair of shorts and socks in a variety of colors (min. 12 players).

Three-piece kits as low as $22! Just need one jersey? Check out our 3-piece kit pricing including numbered team jerseyr, shorts and socks in a variety of colors (min. 12 players).

Pioneer-Bravo-kit soccer uniform kit by Code Four Athletics

 

Rainbow of Magnolia’s latest life-saving project.

It’s been nearly 2 years since we first wrote about Code Four customer Dariusz Stuj, who works tirelessly to help needy people in Africa through his Rainbow of Magnolia Fountains of Life charity, an offshoot of his landscaping company.

Rainbow of Magnolia van

A young villager welcomes the Rainbow of Magnolia van

He and his all-volunteer group recently returned from Kenya, where they worked tirelessly to build an orphanage with its own well, thereby enabling the people in the Masai village to better their lives by growing their own food on nearby farmland.

Locals love soccer jerseys

The locals love their soccer jerseys!

Masai vilalgers hard at work.

The Masai villagers hard at work on their new building.

 

Soccer, too, plays a part in efforts, as Dariusz incorporates soccer uniforms and gear into the mix so the local people can also enjoy the world’s beautiful game. The three pictures here are just a glimpse into his marvelous travels. Way to go, Dariusz!