Sven-Göran Eriksson’s estate reveals shocking debt burden following legendary manager’s death

The football world mourned the loss of Sven-Göran Eriksson last August, a legendary manager who led England through a captivating era. However, newly released estate documents have revealed a shocking financial reality: Eriksson passed away heavily in debt, leaving behind a complex financial legacy.

A Distinguished Career Marred by Financial Woes

Eriksson, who succumbed to pancreatic cancer at the age of 76, enjoyed a remarkable 42-year career, managing top clubs like Lazio, Manchester City, and Roma, in addition to his prominent role with the England national team. Despite earning substantial sums throughout his career, the Swedish estate documents, filed with the Swedish Tax Agency, paint a stark picture of his financial situation at the time of his death.

The documents reveal that Eriksson had assets totaling 66 million Swedish kronor (approximately £4.83 million). However, his debts amounted to a staggering 118 million kronor (approximately £8.6 million), leaving a deficit of 51 million kronor (approximately £3.7 million). This revelation has cast a shadow over the legacy of a man who was once one of the most respected and well-paid managers in world football.

Details of the Debt

According to the estate inventory, the largest portion of Eriksson’s debt stemmed from tax liabilities in the UK, estimated at 99 million kronor. This significant tax burden appears to be a major contributing factor to his overall financial difficulties.

Reports also indicate that Eriksson was a victim of substantial fraud. It is believed that he lost over €11 million due to the fraudulent activities of a financial advisor, Samir Khan, who was granted unlimited access to Eriksson’s assets. This betrayal reportedly led to significant losses through dubious investments, including property schemes.

Impact on Eriksson’s Family

The substantial debt left behind by Eriksson has placed a heavy burden on his family. Reports suggest that they have been forced to sell his properties, including a luxurious villa where he spent his final years, to help settle the outstanding debts. This unfortunate situation has added to the grief of losing a beloved figure in the football world.

A Cautionary Tale

Eriksson’s case serves as a stark reminder that even individuals with highly successful careers and substantial earnings can fall victim to financial difficulties. It highlights the importance of sound financial planning, careful management of assets, and the need for vigilance against fraud.

A Legacy Beyond Finances

Despite the unfortunate financial circumstances revealed after his death, Sven-Göran Eriksson’s legacy in football remains secure. He is remembered for his tactical acumen, calm demeanor, and ability to unite teams. His time with England, while ultimately falling short of major tournament victory, brought a period of stability and optimism to the national side.

Eriksson’s contributions to the sport extend beyond his time with England. He achieved considerable success at the club level, winning league titles in Sweden, Portugal, and Italy, as well as a UEFA Cup Winners’ Cup with Lazio.