Bradley Wiggins Declared Bankrupt Amid Financial Crisis

Sir Bradley Wiggins, the first British cyclist to win the Tour de France and an Olympic medalist, faces severe financial difficulties, with debts doubling to nearly £2 million. Initially, Wiggins owed nearly £1 million through his image rights firm, Wiggins Rights Ltd, but the latest report by liquidators MHA indicates that the sum has increased significantly. Due to his inability to maintain payments under an Individual Voluntary Arrangement (IVA), Wiggins was declared bankrupt earlier this year. To alleviate his financial burden, liquidators plan to sell the trademarks associated with his name, including 'Bradley Wiggins', 'Wiggins', and 'Wiggo'. Wiggins attributes his financial troubles to mismanagement and poor advice during his career, which has left him essentially homeless and 'sofa-surfing'. Despite the turmoil, Wiggins is reportedly working on rebuilding his life and finances.