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    From Spike@21:1/5 to All on Tue Jun 11 12:02:57 2024
    Sir Bradley Wiggins' medals and trophies set to be seized after being
    declared bankrupt

    The five-time Olympic champion and 2012 Tour de France winner had
    accumulated debts totalling almost £1 million
    by ADWITIYA PAL
    SAT, JUN 08, 2024 13:06

    Sir Bradley Wiggins could have all his assets, including the numerous
    trophies and medals he won over the course of 15 years during his stunning professional cycling career, seized after the former Tour de France winner
    was declared bankrupt in court.

    Wiggins, who retired in 2016 having won eight Olympic medals, five of them gold, and becoming the first British rider to win the Tour, had been facing financial difficulties for the last few years, although a spokesperson for
    the rider disputed such claims. In 2020, his company Wiggins Rights Limited entered voluntary liquidation, with creditors including HM ­Revenue &
    Customs, who were owed over £300,000.

    In November last year, there were already reports that the 43-year-old was facing bankruptcy over unpaid debts totalling nearly £1 million, after documents filed at Companies House (link is external) by liquidators
    revealed that he was yet to repay any of the money he was said to have
    agreed to satisfy about to a loan made to him.

    [read more at the link below]

    <https://road.cc/content/news/sir-bradley-wiggins-medals-may-be-seized-over-bankruptcy-308765>

    --
    Spike

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JNugent@21:1/5 to Spike on Tue Jun 11 13:44:57 2024
    On 11/06/2024 01:02 pm, Spike wrote:

    Sir Bradley Wiggins' medals and trophies set to be seized after being declared bankrupt

    The five-time Olympic champion and 2012 Tour de France winner had
    accumulated debts totalling almost £1 million
    by ADWITIYA PAL
    SAT, JUN 08, 2024 13:06

    Sir Bradley Wiggins could have all his assets, including the numerous trophies and medals he won over the course of 15 years during his stunning professional cycling career, seized after the former Tour de France winner was declared bankrupt in court.

    Wiggins, who retired in 2016 having won eight Olympic medals, five of them gold, and becoming the first British rider to win the Tour, had been facing financial difficulties for the last few years, although a spokesperson for the rider disputed such claims. In 2020, his company Wiggins Rights Limited entered voluntary liquidation, with creditors including HM ­Revenue & Customs, who were owed over £300,000.

    In November last year, there were already reports that the 43-year-old was facing bankruptcy over unpaid debts totalling nearly £1 million, after documents filed at Companies House (link is external) by liquidators
    revealed that he was yet to repay any of the money he was said to have
    agreed to satisfy about to a loan made to him.

    [read more at the link below]

    <https://road.cc/content/news/sir-bradley-wiggins-medals-may-be-seized-over-bankruptcy-308765>

    It stretches belief and understanding that anyone can *personally* end
    up "nearly £1 million" in debt.

    Yet that must be the situation, since it is he (and not his company) who
    is facing bankruptcy.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)