{"id":145088,"date":"2023-11-15T13:47:02","date_gmt":"2023-11-15T13:47:02","guid":{"rendered":"https:\/\/celebritywshow.com\/?p=145088"},"modified":"2023-11-15T13:47:02","modified_gmt":"2023-11-15T13:47:02","slug":"five-time-team-gb-olympic-gold-medallist-at-risk-of-being-declared-bankrupt-over-near-1million-unpaid-debt-the-sun","status":"publish","type":"post","link":"https:\/\/celebritywshow.com\/sport\/five-time-team-gb-olympic-gold-medallist-at-risk-of-being-declared-bankrupt-over-near-1million-unpaid-debt-the-sun\/","title":{"rendered":"Five-time Team GB Olympic gold medallist 'at risk of being declared BANKRUPT over near-\u00a31million unpaid debt' | The Sun"},"content":{"rendered":"

SIR BRADLEY WIGGINS is at risk of declaring bankruptcy after failing to pay back debt totalling almost \u00a31million.<\/strong><\/p>\n

The five-time Olympic gold medallist has been in an Individual Voluntary Arrangement (IVA) since July 2020 which is designed to help him pay off creditors.<\/p>\n


\n
\n<\/p>\n

But liquidators have revealed they are yet to be paid any of the \u00a3979,953 they claimed from Wiggins in 2022 to pay off a loan from a director.<\/p>\n

A spokesperson for Wiggins said he disputes the claim.<\/p>\n

The former cyclist is set to pay back around \u00a3600,695 through the sale of a property in Spain, claim liquidators.<\/p>\n

Wiggins' trademarks of his own name and nickname 'Wiggo' have also been put up for sale.<\/p>\n

READ MORE IN SPORT<\/h2>\n

<\/picture>GOING FOR GOLD <\/span><\/p>\n

I went blind & was in coma after takeaway – now I compete for Team GB<\/h3>\n

<\/picture>RAID HELL <\/span><\/p>\n

Thug GUILTY of knifepoint raid at Mark Cavendish's home in front of wife & kids<\/h3>\n

The Tour de France winner has been issued with a \u201cnotice of breach\u201d of the conditions of his arrangement.<\/p>\n

The liquidators stated in a report: \u201cUnfortunately the joint supervisor has informed creditors\u2026 if the breach is not remedied then the IVA may be terminated. <\/p>\n

\u201cIn the event the IVA is terminated the director may become subject to bankruptcy proceedings and this would potentially substantially increase the expected timeframe for recovery of the outstanding directors loan account.<\/p>\n

\u201cI expect that the termination of the IVA should be confirmed within the next few months.\u201d<\/p>\n

Most read in Cycling<\/h2>\n

<\/picture>GOING FOR GOLD <\/span><\/p>\n

I went blind & was in coma after takeaway – now I compete for Team GB<\/h3>\n

<\/span><\/p>\n

<\/picture>REST IN PEACE <\/span><\/p>\n

Tributes pour in as young cycling star, 20, dies of suspected heart attack<\/h3>\n

<\/span><\/p>\n

<\/picture>RIP CHAMP <\/span><\/p>\n

Champion cyclist aged 22 dies in training crash with team left ‘heartbroken’<\/h3>\n

<\/span><\/p>\n

<\/picture>HEAD OVER WHEELS <\/span><\/p>\n

Who is Geraint Thomas’ wife Sara Elen, and when did the pair get married?<\/h3>\n

<\/span><\/p>\n

Wiggins Rights Limited, the parent company of the 43-year-old's now-defunct Team Wiggins, entered liquidation in September 2020.<\/p>\n

The former Team Sky star responded by promising legal action, though stated his legal representatives had experienced \u201ca fair amount of difficulty\u201d in accessing documents.<\/p>\n

A statement read: \u201cIt\u2019s a very historical matter that involves professional negligence from [others] that has left a s*** pile with my name at the front of it to deal with.<\/p>\n

\u201cHappens to a lot of sportsmen while they\u2019re doing the grafting and on that there'll be a number of legal claims from my lawyers left right and center as a result.\u201d<\/p>\n

SPORTING GREAT<\/h2>\n

Wiggins is one of Great Britain's all-time sporting greats.<\/p>\n

He won five Olympic gold medals during his career, starting at the 2004 Games where he won the Individual Pursuit. <\/p>\n

At the 2008 Olympics he won TWO golds and then at the London Olympics in 2012 won the Road Time Trial.<\/p>\n

He memorably sat upon a gold throne after his victory.<\/p>\n

His final gold medal came at the 2016 Games in Rio.<\/p>\n

Read More on The Sun<\/h2>\n

<\/picture>GET THEM IN <\/span><\/p>\n

I'm A Celeb official line-up as Nigel Farage and Britney's sis head into jungle<\/h3>\n

<\/picture>CLOSING TIME<\/span><\/p>\n

Major DIY homeware chain to shut store doors permanently before Christmas<\/h3>\n

Arguably the greatest achievement of his career was becoming the first ever British winner of the Tour de France with his victory in 2012.<\/p>\n

He would be crowned BBC Sports Personality of the Year that same year.<\/p>\n


\nSource: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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