Bradley Wiggins' Bankruptcy Claims Rise to £2 Million

Sir Bradley Wiggins's bankruptcy proceedings have revealed that his debts have more than doubled to nearly £2 million, primarily due to claims against his image rights firm, Wiggins Rights Ltd. Initially reported at about £979,953, the figure has now escalated to £1,976,157.73 following further investigations by liquidators. Wiggins’s Individual Voluntary Arrangement (IVA) has been terminated, and his assets, which may include his Olympic medals, are at risk as the bankruptcy trustee evaluates the situation. Wiggins’s barrister stated that the former cyclist is attempting to rebuild his life, while also acknowledging the mismanagement of his finances during his career. The liquidators are exploring the sale of trademarks associated with Wiggins to help settle the debts, with a process that may take up to two years to resolve. This ongoing financial turmoil marks a significant decline for the athlete, who previously achieved remarkable success in cycling.