Story perspectives

Ex-Premier League Stars Fight Back Against Investment Scandal

9/4/2025

Summary

Story summary

Former Premier League footballers, including Danny Murphy, allege losses of tens of millions with Kingsbridge Asset Management.
The V11 group, consisting of 11 players, advocates for legislative changes to shield victims from tax liabilities.
Numerous players are at risk of bankruptcy and significant tax debts due to unsuccessful investments.
Kingsbridge's directors deny any wrongdoing, and police concluded their investigation without filing charges.
The situation is examined in the BBC documentary "Football's Financial Shame: The Story of the V11."

History

Historical Context

The 2008 global financial crisis severely impacted various sectors, including sports, leading to over 1.5 million people in the UK facing financial distress. In response, the English Premier League introduced new rules to restrict third-party ownership of players. This ongoing situation highlights the need for regulatory reforms to protect former players from tax liabilities linked to alleged mismanagement by Kingsbridge Asset Management.

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Story summary

Former Premier League footballers, including Danny Murphy, allege losses of tens of millions with Kingsbridge Asset Management.
The V11 group, consisting of 11 players, advocates for legislative changes to shield victims from tax liabilities.
Numerous players are at risk of bankruptcy and significant tax debts due to unsuccessful investments.
Kingsbridge's directors deny any wrongdoing, and police concluded their investigation without filing charges.
The situation is examined in the BBC documentary "Football's Financial Shame: The Story of the V11."

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