Sven-Goran Eriksson's family lose entire estate as huis staggering debt emerges
Former England manager Sven-GGoeran Eriksson died with millions in debt it has been revealed today after the Swede was scammed out of £100 million
It has emerged today that former England manager Sven-Göran Eriksson passed away with millions of pounds worth of debt. Over his career, Eriksson raked in considerable sums managing top football teams like England, yet came near personal bankruptcy after falling victim to a scam stripping him of £100 million.
On Tuesday, documents regarding the illustrious coach's finances were disclosed, revealing that at the time of his demise, he had 118 million kronor (about £8.6m) in debts, despite having assets worth 66 million kronor. Respected Swedish publication Göteborgs-Posten reported that his financial affairs, registered with the Swedish Tax Agency, indicate a shortfall exceeding 51 million kronor (£3.7m).
The submitted records show that the bulk of this owed money is in unpaid taxes within the UK, towering at around SEK 99 million. .
Eriksson's monetary troubles were further exacerbated by a scandal involving his financial adviser Samir Khan back in 2011, who was taken to court for using 'unlimited access' to Eriksson's wealth and squandering £10 million on questionable investments, such as property ventures.
In a 2013 account, Sven reflected: "I was not interested in the details: if he said that an investment was sound, I trusted him. I didn't even read through the long contracts. Sometimes, he'd fax over just one page for me to sign. The truth is that I never cared about money. Not one bit. Suffice to say that Samir caught on pretty quickly.", reports the Mirror.
Sven's solicitor has stated that it comes as "no surprise at all" to his family that he passed away in debt. Speaking to the Swedish news outlet Expressen, the Eriksson family's legal representative, Anders Runebjer, remarked: "It is no surprise at all for those involved.
"It was expected. Sven even said that 'I will not leave any money behind me'. And that was the case. It is the debt to the English tax authorities that is the background to the large total of debts. If it were not for that then there would have been no danger."
The will of Sven dictates that his assets should be inherited by his children Lina and Johan, who are also expected to maintain Sven Eriksson senior's, aged 95, current standard of living.
Expressen reports that Sven had also hoped to leave his partner Yaniseth ten million kronor (£730,000), on the condition that his estate was worth over 100 million kronor (£7.3m). A portion of these funds was earmarked for Yaniseth's son's university fees.
Additionally, Sven wished to bestow one million kronor upon his brother Lars-Erik Eriksson as a gesture of gratitude for looking after their parents.
The inventory of Sven's estate reveals that his funeral in Torsby incurred costs of 650,000 kronor (£47,500), with an extra 30,000 kronor set aside for a headstone.
Recent reports indicate that Sven's Björkefors manor, situated idyllically by Lake Fryken in Värmland, has been listed for sale.
Bengt Berg, a close friend of Sven and author, shared his feelings with the media: "I have seen the news but I cannot say if it's a shock or not. I never had any insight into his finances."
Remembering Sven, who passed away on August 26 following a battle with pancreatic cancer, Berg recalled the highlights of his career. Sven enjoyed a successful five-year tenure as England manager, taking the team to quarter-final stages in the World Cup of 2002 and 2006 and Euro 2004.
His achievements included securing Lazio their first Serie A title in 26 years; post-England, he managed Manchester City and Mexico's national team. In a touching farewell captured in his Prime Video film, Sven expressed his contemplation on life and death: "I had a good life. I think we are all scared of the day when we die, but life is about death as well. You have to learn to accept it for what it is."
Sven's wish was to be remembered fondly: "I hope you will remember me as a positive guy trying to do everything he could do."
He left a final message imbued with gratitude and encouragement: "Don't be sorry, smile. Thank you for everything, coaches, players, the crowds, it's been fantastic. Take care of yourself and take care of your life. And live it. Bye."
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