Former England manager Sven-Göran Eriksson died millions of pounds in debt

Former England manager Sven-Göran Eriksson died millions of pounds in debt, it has been revealed today.

During his career, he earned big money managing teams including England – but he was then close to personal bankruptcy after being scammed out of 100 million.

On Tuesday, the legendary football coach’s estate was published – which shows that he died with 118 million kronor(£8.6m) in debt.

According to respected Swedish newspaper Gotesborg-Posten, the document shows at the time of his death shows there were 66 million kronor of assets, but the estate inventory also shows that he had debts totaled 118 million kronor. This means that the estate has a deficit of just over 51 million kronor (£3.7m).

Former England manager Sven-Göran Eriksson died on August 26 last year after suffering from pancreatic cancer
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Image:
Manchester United via Getty Images)

The legendary football coach’s estate has been published – which shows that he died with 118 million kronor(£8.6m) in debt
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Image:
Daily Mirror)

The financial details have been filed with the Swedish Tax Agency. According to the estate inventory, the largest debt item by far is tax debts in the UK, estimated at SEK 99 million.

In 2011 Sven went to court after one of his financial advisors Samir Khan allegedly accepted ‘unlimited access’ to Sven’s wealth and proceeded to blow £10 million on dubious investments, including property schemes.

Writing in 2013, Sven said: “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.”

Sven’s lawyer has said it will be “no surprise at all” for his family that he died in debt. Eriksson family’s lawyer, Anders Runebjer told Swedish publication Expressen: “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.”

Sven’s will states that his assets go to his children Lina and Johan. They would in turn ensure that Sven’s father Sven Eriksson, 95, could continue to live at the same financial level as he does today.

According to Expressen, Sven is also wanted to give his girlfriend Yaniseth ten million kronor(£730,000), provided that his assets exceeded 100 million(£7.3m). Part of the money for his girlfriend was intended to pay for her son’s university education.

Sven also wanted to give one million kronor to his brother Lars-Erik Eriksson, as a thank you for taking care of their mother and father.

The estate inventory also shows that Sven’s funeral in Torsby cost 650,000 kronor (£47500). An additional 30,000 kronor has been set aside for a tombstone.

It has recently been reported that his Björkefors manor, beautifully located on Lake Fryken in Värmland, has been put up for sale.

Sven’s close pal and author Bengt Berg said: “I have seen the news but I cannot say if it’s a shock or not. I never had any insight into his finances.”

Sven died on August 26 last year after suffering from pancreatic cancer. During a five-year spell in charge, Sven led England to quarter-final appearances at the World Cup in 2002 and 2006 as well as Euro 2004.

He previously won a first Serie A title in 26 years with Lazio, and after stepping down with England went on to manage Manchester City and the Mexico national team.

Sven himself delivered his own poignant goodbye message in his Prime Video film.

Sven said: “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.

“Hopefully at the end people will say yeah he was a good man, but everyone will not say that.

“I hope you will remember me as a positive guy trying to do everything he could do.

“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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Image Credits and Reference: https://www.mirror.co.uk/3am/celebrity-news/breaking-former-england-manager-sven-34475550