Former tennis star Boris Becker might have lost £100 million because of dubious investments in the Nigerian oil industry reported Spiegel magazine. Earlier, last month the 49-year-old tennis star was declared bankrupt by a London court.
Former tennis star Boris Becker might have lost £100 million because of dubious investments in the Nigerian oil industry reported Spiegel magazine. Earlier, last month the 49-year-old tennis star was declared bankrupt by a London court. Since then there has been speculation over how he managed to squander a personal fortune estimated at over 100 million pounds. According to the German magazine, Becker had business dealings that were more than celebrity endorsements and media appearances. The magazine reported that Becker made investments in the Nigeria oil and gas industry and at one point considered a single investment of more than $10m (£7.6m). The magazine also claimed that the tennis star had huge links outside the world of tennis which ranged from African leaders to Lakshmi Mittal, the Indian steel tycoon.
The magazine claims that the documents were shown by a whistleblower website, Football Leaks. The report also includes internal emails from a sports management agency named Doyen Global which represented Becker for a brief period starting in late 2013. The email reportedly showed that Becker Private Office, a company controlled by the tennis star, held extensive shares in the Nigerian oil and gas business, Spiegel claims.
It also claimed that it has seen details of a single investment of “more than $10m” in Nigerian oil prepared for Becker by Forbes and Manhattan. Forbes and Manhattan is a Canadian investment bank and a former associate of the tennis player. The Spiegel magazine further claimed that the internal emails leaked to it contained information of Becker recently meeting Mittal and John Mahama, the then Ghanaian president.
Notably, during bankruptcy proceedings in London last month, Becker’s lawyer John Briggs told the court that the tennis player is not a sophisticated individual when it comes to finances.