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Rags-to-riches storiesin sport makethe headlines all the time. What often don't come to light arethe riches to rags stories. Here are 10 top athletes from various sports who squandered all their wealth and declared bankruptcy at some point.
#10 Diego Maradona
Arguably the greatest footballer to have ever played the game, Diego Maradona made hundreds of millions during his playing days. However, in 2009 it was announced that the Napoli and Argentina hero owed US$54 million to the Italian Inland Revenue. El Diego is still paying the authorities back till today.
#9 Mike Tyson
Mike Tyson is perhaps the most famous riches-to-rags story. The boxing legend made over $300 million during his career but still filed for bankruptcy in 2003 with a $27 million debt.
#8 Bjorn Borg
Bjorn Borg’s company, Bjorn Borg Design Group, filed for bankruptcy in 1989 and Bjorn was forced to sell his house to pay off his debt. Borg had also planned to auction his Grand Slam trophies and racquets in order to pay his debts in 2007 before moving to tax-free Monaco.
#7 Evander Holyfield
Evander Holyfield, the only 4-time World Heavyweight Champion, had amassed a fortune totalling nearly $250million (£153m) from his boxing career and other exploits, but he was declared bankrupt by a Georgia court in 2008.
#6 Scottie Pippen
Scottie Pippen, the Chicago Bulls legend, is believed to have blown away $120 million with irresponsible and lacklustre financial decisions. Pippen was widely reported to have filed for bankruptcy in 2011.
#5 Marion Jones
From winning 5 medals at the Sydney Olympics in 2000 to getting huge sums of money for racing and then being caught for doping and declaring banruptcy in 2007, Marion Jones' life has gone the proverbial full circle.
#4 Dennis Rodman
Dennis Rodman had a pretty good lifestyle and a lot of earnings during his playing days but the former Chicago Bulls man was behind by $800,000 on child support when he declared bankruptcy in 2012.
#3 Allen Iverson
Allen Iverson at one point was one of the highest paid athletes in the world, earning more than $20 million per season in salary alone. After retirement though, Iverson has lost all his earnings and is believed to be in debt of more than a million dollars.
#2 Arantxa Sanchez Vicario
The 'Barcelona Bumblebee' is believed to have earned close to $60 million over the course of her career but accused her family of leaving her with nothing in 2012. Sanchez-Vicario is believed to have gone bankrupt in 2009.
#1 John Arne Riise
The former Liverpool full back was declared bankrupt in 2007 for an unpaid debt of around £100,000.
