Former Premier League Stars Lose Tens of Millions in Kingsbridge Investment Scandal

A large group of former Premier League footballers, including Wayne Rooney, Rio Ferdinand, Danny Murphy, and Martin Keown, have suffered significant financial losses totaling tens of millions of pounds due to ill-fated investments recommended by Kingsbridge Asset Management during the 1990s and 2000s. Up to 200 players were affected, many of whom joined the V11 campaign group to collectively expose the financial devastation caused by these advisers, who were once highly trusted and endorsed by prominent football figures and organizations. The investment schemes primarily involved property ventures and government-backed film financing tax relief, with players often borrowing heavily to invest, only to face bankruptcy and tax demands despite being acknowledged as victims of crime by police. Danny Murphy described his personal losses as financial abuse and revealed the emotional toll, including struggles with addiction, while other players lamented losing homes and financial security. Kingsbridge founders David McKee and Kevin McMenamin deny wrongdoing, asserting they advised in good faith and outlined risks, but the players emphasize the advisers were more than just financial consultants, acting as close friends, which deepened the sense of betrayal. The story of the V11 group and their fight for justice is featured in the BBC Two documentary "Football's Financial Shame: The Story of the V11," highlighting the widespread impact and long-term consequences of the scandal.