From a Ferrari to a Rented Flat: The Downfall of Lucas Neill

A former captain of West Ham, Lucas Neill, who once lived a life of luxury with a Ferrari on his drive, now finds himself living in a rented flat and facing bankruptcy. Neill earned £40,000 a week as the Hammers' skipper between 2007 and 2009.

From World Cups to Financial Ruin

Lucas Neill, the Australian defender, represented his country at the 2006 and 2010 World Cups, showcasing his talent on the global stage. At the height of his success, he enjoyed expensive holidays in the Maldives and owned a Ferrari.

Near Jail Time and Financial Struggles

Neill recently stood trial at Preston Crown Court, accused of failing to declare money he never knew he had. The trial followed seven years of bankruptcy, with Neill facing the possibility of three years in prison if convicted.

A Quick Acquittal, but a Sense of Loss

After just 26 minutes, the jury acquitted Neill of the charges. However, the former West Ham captain opened up about feeling a sense of loss and failure despite his legal victory. Neill expressed regret for not protecting his family and letting them down.

The Costly Investment Scheme

Neill's financial troubles stemmed from his investment in a scheme that promised big tax breaks in exchange for investing in British films. However, the scheme turned out to be fraudulent, and Neill was ordered to pay back £400,000 by HMRC.

Loss of Properties and Bankruptcy

To repay his debts, Neill was forced to sell over seven properties, each resulting in financial loss. He also defaulted on a loan taken out to pay for a barn near Newcastle, which was held in an offshore fund. As a result, he owed the bank £737,000 and was declared bankrupt in 2016.

A Long Road to Redemption

The Insolvency Service investigated Neill for seven years, leaving him unable to own a house or even secure a mobile phone contract. He faced numerous financial struggles, including bailiffs demanding payment for a council tax bill. However, Neill has now been found not guilty of hiding offshore money.

Coaching and a Fresh Start

Despite his financial setbacks, Neill is now coaching women and girls at a football club while working for a tech firm. His lawyer, Joseph Kotrie Monson, stated that it is time for Neill to enjoy his restored reputation and reenter the world of sport and broadcasting.