Wednesday 26th January 2011
The Aston Villa FC goalkeeper Brad Friedel has filed for bankruptcy with debts of over £5 million despite receiving a weekly wage of £40,000.
The American has found himself in financial difficulties that relate to a not-for-profit football academy that he started in his native Ohio. RBS Citizens – the American subsidiary of the government-owned British bank - has now taken action in the US, while the Lorain County Auditor’s website also lists over £250,000 in unpaid property taxes relating to the 28-acre academy. Repossession proceedings have also started on a £260,000 house that the International keeper owns in Ohio.A spokesman for Brad Friedel said: “This is a technical bankruptcy and it is not anticipated that it will be in place for long as an application for an annulment will be submitted in the next few days. Arrangements are in place to deal with the issues which gave rise to the bankruptcy.”The former Liverpool and Blackburn keeper’s troubles may soon be further exacerbated by the fact that he is out of contract in the summer and may not be offered a new one by Aston Villa. They are currently trying to combat their own debts of over £70 million as recently-appointed French manager Gerard Houllier attempts to re-shape his squad.However, according to the website tribalfootball.com, a source close to Friedel has labeled the bankruptcy order from Macclesfield Crown Court a “technicality” and said it would be annulled at a further hearing during the next couple of weeks. The source said: “This debt will be repaid soon and then we expect an annulment. In the meantime, Brad is not insolvent and is not struggling with money.”Manchester debt firm is liquidated owing creditors over £2.2m
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