Ex-Premier League stars attempt suicide over tax debt
- Around 20 ex footballers face bankruptcy after failed film investment scheme
- Investors have been ordered  to pay £750,000 to £7million in tax by HMRC
- Former pros invested their money with Ingenious, an asset management firmÂ
Two former Premier League stars have attempted suicide after they were landed with huge tax bills.
Around twenty former pros are facing bankruptcy after investing in the film industry under the belief they could be offered tax breaks.
However, the players have now been order to pay back hundreds of thousands of pounds by HMRC after it was found the scheme was really tax avoidance.
Two former Premier League stars have attempted suicide after they were landed with huge tax bills (file photo)
It is believed that some investors have been ordered to pay £750,000 to £1.5million in tax and two up to £7million.
The retired players invested their cash with Ingenious, an asset management firm.Â
However, there is no evidence that they are at fault for the losses.Â
Xpro, a welfare group for retired players, said many of the pros could be financially finished by their tax bill.
Xpro boss Geoff Scott told the Mirror: 'We are trying to find them help. Many were not on big contracts, and have modest lifestyles now. We need to get players better advice right across the game.
'We had to point some to debt advisors who tell them the best wa y of going bankrupt, and that is a sorry state of affairs.'
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