Former Manchester United and Everton striker Louis Saha admits he's lost much of the fortune he earned during his playing career.
Saha spent nine years in the Premier League and at the time was among the highest paid sportsman in France.
But he revealed to L'Equipe he's lost much of his money, "Bad investments and not being able to think about the long term are the stumbling blocks, because athletes struggle to realise what life is like in the end. The online gambling is the biggest danger for footballers nowadays, because they can use their own home comfortably.
"Apart from the addictions, separations, vultures and bad investments, it is simply a combination of factors," continues Saha. "Many player wives disappear when their husbands stop playing football, which was the case with me, even after ten or fifteen years of supporting their husbands, they say at one point: 'I am now forty years old, now I want to lead my own life. A divorce then quickly means handing over half of your assets."
Saha also spoke of his own experiences, where family and so-called friends demanded a lot from him in the financial field.
"When your family asks you for money, it gets scary, I bought houses, cars ... The mentality that you have at the age of 20 is different from the one at 30. For example, I bought three houses in seven years, but also a house in London, I just did not notice it until I saw that at one point I had to pay thirty thousand euros in water and electricity."
Source: tribalfootball.com