Footballers often earn substantial sums during their careers, but without prudent financial management, some find themselves facing financial ruin. Here are several notable players who encountered significant financial difficulties due to various factors:

1. David James

Former England goalkeeper David James earned an estimated £20 million over his career, playing for clubs like Liverpool, Aston Villa, and Manchester City. Despite his earnings, James declared bankruptcy in 2014, attributed to a costly divorce in 2005 and poor financial decisions. To manage his debts, he auctioned off personal memorabilia, including signed shirts and match balls. 

2. Ronaldinho

Brazilian star Ronaldinho, renowned for his time at Barcelona, faced financial challenges post-retirement. In 2018, reports indicated he had only £5 in his bank account while owing £1.75 million in fines for illegal construction in a protected area. Authorities seized his passport and assets to recover the debt. 

3. Keith Gillespie

Northern Ireland international Keith Gillespie, who played for clubs like Newcastle United and Blackburn Rovers, struggled with a severe gambling addiction. He reportedly lost over £7 million due to his habit and was declared bankrupt in 2010. Gillespie has since spoken openly about his experiences and the dangers of gambling. 

4. John Arne Riise

Norwegian defender John Arne Riise, known for his tenure at Liverpool, declared bankruptcy in 2007 despite earning substantial wages. His financial troubles stemmed from an unpaid debt of around £100,000, linked to failed business ventures and alleged fraud. 

5. Eric Djemba-Djemba

Cameroonian midfielder Eric Djemba-Djemba, who had stints with Manchester United and Aston Villa, was declared bankrupt in 2007. Reports highlighted his extravagant spending habits, including owning numerous luxury cars and maintaining multiple bank accounts, which contributed to his financial downfall. 

6. Celestine Babayaro

Nigerian defender Celestine Babayaro, who played for Chelsea and Newcastle United, was declared bankrupt in 2011. Despite a successful career in the Premier League, poor financial management and unsuccessful investments led to his financial troubles. 

7. Paul Gascoigne

English midfielder Paul Gascoigne, celebrated for his talent and flair, faced financial difficulties exacerbated by personal struggles with addiction. In 2016, he narrowly avoided bankruptcy over an unpaid tax bill of £42,000. Throughout his career, Gascoigne earned substantial sums, but his battles with substance abuse and mental health issues significantly impacted his finances. 

8. Lee Hendrie

Former Aston Villa midfielder Lee Hendrie earned up to £30,000 per week during his playing days. However, failed property investments and mounting debts led to his bankruptcy declaration in 2012. Hendrie has since been involved in mental health advocacy, sharing his experiences to help others. 

9. Dominic Matteo

Scottish defender Dominic Matteo, who played for clubs including Liverpool and Leeds United, was declared bankrupt in 2015. Matteo struggled with a gambling addiction, reportedly accruing debts exceeding £1 million. He has since sought help and spoken publicly about the importance of addressing gambling issues. 

10. Lucas Neill

Australian defender Lucas Neill, who captained the national team and played for several Premier League clubs, was declared bankrupt in 2016. Despite earning significant wages during his career, poor investment choices and financial mismanagement contributed to his financial decline. 

These cases underscore the importance of financial literacy and prudent money management for professional athletes. Despite substantial earnings, a lack of financial planning, poor investments, and personal challenges can lead to significant financial difficulties.