6) David James (British)

This 44-year-old English goalkeeper, who earned an estimated £20 million in his 25-year career, declared himself bankrupt in May 2014. He built up debts following a costly divorce from his wife Tanya in 2005. He has played for Premier League clubs like Manchester City and Liverpool. He secured lucrative contracts during his career, including working as a model for Armani and H&M.

5) John Arne Riise (Norwegian)

This former Liverpool player was earning £30,000 per week in 2007. In the same year he was declared bankrupt over debts of £100,000. This was due to poor business decisions. He sued his former agent Einer Baardsen over the way he had invested his money. He currently plays for Nicosia club APOEL in the Cypriot First Division.