Join us for another episode of our podcast series Extra Time. While often undocumented, professional athletes and footballers often face legal and financial pitfalls during their playing careers, which, if not managed with attention, can sometimes lead to financial hardship once they’ve retired.
Joshua Green, Senior Associate in the Family team, sat down with David Blows, a well-known financial planner at FLM, to discuss the reasons for the rate of bankruptcy among athletes, such as the impact and duration of a playing career, biology, lack of quality financial advice, lifestyle creep, divorce and separation, and more, can sometimes have adverse consequences on them once their playing days are over. We also discuss the advice that’s given to athletes to avoid financial problems through adapting their habits and being as disciplined off the pitch as they are on it.
