2) Celestine Babayaro (Nigerian)

In spite of earning £25,000 per week during the peak of his career, this former Chelsea and Newcastle player was declared bankrupt at a court in Croydon in 2010; with confirmation in 2011. His financial troubles became apparent to his neighbors, with one saying that his beautifully kept house began to look a bit unkempt. Despite all the reports, the former Nigeria international insisted he is not broke.

1) Lee Hendrie (British)

Lee Hendrie was one of the most promising young English players of the late 1990s. He declared bankruptcy on 27 January 2012, due to his bad investments (losing £10m in property deals) and lavish lifestyle. He was reportedly earning around £40,000 a week while playing for Aston Villa. Divorce also contributed to his financial trouble. Hendrie reportedly tried to commit suicide twice.

These football players hold lessons for football players worldwide. It is important to be savvy enough to save and invest when you have the money.