The Most Financially Irresponsible Footballers ever

 

Footballers can make lots of money.

Their money habit, however, varies significantly from one person to another.

Some footballers do amazing things with their wages by establishing charities, financing education programs and making an impact in the world.

Others footballers choose to spend less on noble items, such as purchasing cars or starting a personal collection.

We're not here to tell you who is spending his money in the right or incorrect way. There are footballers who, for various reasons, make a mistake with their finances to the point where they're in financial trouble at the close of their respective careers.

We're not inclined to feel sorry for these guys and so we have made a decision to identify and shame a few of the most reckless financially footballers.

Cristiano Ronaldo

Cristiano Ronaldo is rich, and he knows it.

Real Madrid's star isn't at risk of going in the near future in all fairness.

He's among the most well-known names in the world and is reported to earn around $40 million in earnings and endorsements annually.

If you're that rich and have a lot of money, financial responsibility isn't likely to be a high priority in your priorities.

Ronaldo's extravagant expenditure on cars, houses and clothes, at a cost of P8,000 per month is small amount of irresponsibility. Ronaldo often speaks about his determination to be a role model for his son. A monthly budget of P8,000 on clothes isn't going to aid in this.

Without getting too caught up in Ronaldo's personal life It's safe to say that despite his huge amount of wealth, he has been rather negligent with his spending.

Pele

Pele played for 18 years at the Brazilian club Santos prior to his retirement semi-retirement.

In 1975, it was reported that due to financial troubles, Pele decided to come out of semi-retirement and take on the NASL's New York Cosmos, before retiring for good in 1977.

It's difficult to comprehend how Pele was able to locate himself in financial difficulty despite numerous international trips, World Cups, and endorsement contracts throughout his professional career.

Pele was playing football in the days when it was more conservative financially, however money could be hitting him from every angle, even before he made the move to the New York Cosmos.

Pele Brazil's Minister for Sport in the 1990s, was not just financially strained at the end with Santos but also had financial problems.

According to reports that he made gambling a component of the income of football and corruption and money laundering were more prevalent within Brazil's FA.

I'm not shocked at the manner in which Pele is acting today.

Mario Balotelli

It appears that Mario Balotelli is always losing money.

He was also fined one week's salary earlier on Wednesday in violation of the club's curfew. In December, he reportedly paid out PS55,000 to stay at the Manchester City Hotel for eight consecutive weeks as repairs were carried out.

These repairs cost him PS400,000.

After winning PS25,000 at a casino the previous day, Balotelli gave a homeless man PS1,000 last year. Balotelli followed up that bizarre act of charity by surprising local drinkers with an amount of $1000 for a bar tab.

Unfortunately, that's only the beginning of the iceberg when it is about the fines imposed by Balotelli.

Through the cash he earns at Manchester City, Balotelli earns enough money to pay all fines he is liable to pay, but he sure would have more cash to spend on his outrageous acts of kindness if he'd just accumulate less fines.

Dietmar Hamann

Dietmar Hamann had a solid career that included Bayern Munich, Newcastle, Liverpool and Manchester City before retiring permanently at the end of the 2010-11 season.

Recently, Hamann admitted that he suffered from serious gambling problems at the close of his career, revealing that he had a night that he was able blow PS200,000 all at once.

Hamann's issues were first discovered when it was discovered that Hamann was in debt of P600,000. Hamann could also be taken to court.

Fortunately, Hamann has stated he is happy once more and that because of his happiness, his gambling issues have gone away.

Obafemi Martins

Remember Obafemi Martins? He was the guy who was rumored to become a world-class striker in his time at Inter Milan and Newcastle. He was a humble, straightforward man who loved scoring goals.

Martins had more to him than meets the eye.

According to the Daily Mail Martins, while working for Newcastle, "regularly withdrew PS40,000 on weekends , and another PS25,000 the next Monday" and all the while earning a $75,000-a week salary.

That wasn't where it stopped.

Apparently, he as well as his agent appeared so ignorant that when Martins first was brought to Newcastle in the first place, he had "not been paid a penny for his image rights on Newcastle United mugs and shirts," and "had received no compensation from his sponsorship contracts and couldn't even locate the contracts he had originally signed."

A train wreck.

NVA Management offered to take the reins of Martins' management in return for a one-off payment of PS300,000.00 and 20 percent of any sponsorship funds. Martins agreed, but was unable to pay the sum of PS300,000.

Martins, despite financial struggles Martins insisted on owning a number of high-performance vehicles, such as a PS85,000 Porsche Cayenne 4x4 and he spent his money on lavish penthouses as well as fine restaurants.

He owned a multi-million pound home in Ponteland, Northumbria. A luxurious flat was rented overlooking Newcastle upon Tyne's Quayside.

Perhaps Martins' financial problems led Martin to take ill-fated moves to Germany and later Russia and now, he often warms up for Rubin Kazan.