Tennis player Boris Becker has apparently lent himself to huge legal troubles. The standoff in which Boris will participate will harm him and deteriorate him financially and socially. Boris, even after having so much net worth, was found guilty of the insolvency charges that were brought against him in 2017.
The court sentenced Boris to two and a half years in prison as well as a hefty fine. Not one or two, the 54-year-old Wimbledon champion has been guilty of four bankruptcy charges since 2017. The question here is even after winning six Grand Slam titles, three Wimbledons and around 68 million dollars as prize money with certain amount of sponsorship, what made Boris insolvent?
The court, authorities and his fans are wondering what could be Boris’ mindset when he avoided payments and debts despite having sufficient finances. According to multiple reports and insiders, Boris possessed complex and costly habits that led to this mode of imprisonment.
The case against Boris Becker
In 2017, London Bankruptcy and Companies Court declared him bankrupt over an unpaid €4.6m (£3.5m) debt from British private bank Arbuthnot Latham for a house in Majorca. He was also unable to repay in full £1.2million borrowed from British businessman John Caudwell, founder of Phones 4u, in 2014. The six-time Grand Slam winner said he was ” shocked” and “embarrassed” when he was declared bankrupt earlier this year. .
At the bankruptcy hearing, the court heard he owed the Swiss government £5 million and a separate fine of €1 million for tax evasion and attempted tax evasion in Germany.
Becker has been accused of concealing nearly £4.5million in assets and dealings, including trophies won at the 1985 tournament which launched his career.
Becker denied knowing where the items were. He was acquitted of 20 counts, including nine for failing to hand over his tennis trophies and medals. On April 8, 2022, he was found guilty of four counts: removal of property, two counts of failure to waive and concealment of debt
Mr Becker was found guilty of transferring £356,000 to nine recipients, including his ex-wife Barbara and estranged wife Lilly. Becker allegedly failed to register a house in Germany, a bank loan of nearly £700,000 and interest in a software company. He was sentenced on Friday to 2 years and 6 months in prison.
Becker revealed how all of these incidents and court cases have taken her reputation and brand to another level. He also expressed his concern and dilemma as to how this can all be stopped. In the courtroom, Becker made the same points when recounting how his income was drastically reduced.
Not only his income and his career, but also a very expensive divorce were the cause of Becker’s poor financial situation. In 2001, he divorced his wife Barbara and subsequently incurred huge maintenance costs. This included child support, lavish management of his lifestyle, and more. For all these reasons, Becker revealed that his condition had deteriorated.