'There are sharks out there': V11 footballer plight highlights professional athlete financial vulnerability

The players, including Danny Murphy, Michael Thomas and Rod Wallace, have formed a campaign group, V11, made up of footballers who invested in Kingsbridge Asset Management in the 1990s and 2000s, the BBC reports. Murphy told the broadcaster he lost £5m due to "financial abuse". The players were advised to invest in tax-incentivised film financing schemes and foreign property, the programme revealed, and now many players are now wrangling with HM Revenue & Customs over hefty tax liabilities. Kingsbridge founders David McKee and Kevin McMenamin "deny any wrongdoing". They told the BB...