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Sven-Goran Eriksson died millions of pounds in debt as Swedish documents show family has lost entire estate

Home> Football> England

Updated 12:06 14 Jan 2025 GMTPublished 11:59 14 Jan 2025 GMT

Sven-Goran Eriksson died millions of pounds in debt as Swedish documents show family has lost entire estate

The legendary manager tragically passed away last August.

Ben McCrum

Ben McCrum

Former England manager Sven-Goran Eriksson reportedly died millions of pounds in debt, according to official Swedish documents.

Legendary football manager Eriksson tragically passed away last August following a battle with pancreatic cancer.

Throughout his 42-year career, the Swede managed clubs like Manchester City and Roma, as well as the England international team.

Despite this, Eriksson reportedly died millions of pounds in debt, forcing his family to sell his home.

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According to The Daily Express, Eriksson’s estate was published on Tuesday, with a series of Swedish documents showing that he died £8.6million (88 million Swedish kroner) in debt.

Eriksson reportedly had assets worth £4.83m (66 million kroner) leaving a deficit of £3.7m (51 million kroner).

The largest single contributor to the debt was tax owed in the United Kingdom, totalling around £7.2m (99 million kroner).

In order to held pay off his debts, the luxury mansion where Eriksson spent the final years of his life has been listed for sale.

After enjoying success throughout his career, the Swedish manager likely amassed a large sum of wealth, but unfortunately lost around £10m after being scammed by financial advisor Samir Khan, who enjoyed unlimited access to Eriksson's wealth

Khan, who Eriksson reportedly in 2004 in Dubai, was hired in 2007 to help manage the manager's finances after he accepted the job with Manchester City.

However, the financial advisor proceeded to blow £10m on suspicious investments, including property schemes.

Writing in 2013, Eriksson revealed: "I was not interested in the details: if he said that an investment was sound, I trusted him. I didn’t even read through the long contracts. Sometimes, he’d fax over just one page for me to sign.

Sven-Goran Eriksson tragically lost his battle with pancreatic cancer in August last year. (Image: Getty)
Sven-Goran Eriksson tragically lost his battle with pancreatic cancer in August last year. (Image: Getty)

"The truth is that I never cared about money. Not one bit. Suffice to say that Samir caught on pretty quickly."

In his book published shortly after his death, Eriksson further spoke about the implications of Khan's scam, admitting that he had at one stage been close to bankruptcy.

"If I had done that, I could have saved a lot of money. I've hit a few studs in my life. Samir Khan accounted for the worst," Eriksson said, as per Swedish newspaper Aftonbladet, via The Daily Mail.

"He, who was trusted to take care of my money, instead made me lose 100 million kroner.

"I did sue him and won in court, but I never got any money back. So even though I made so much money, I was really bad for a while, I was close to personal bankruptcy."

Featured Image Credit: Getty

Topics: Sven-Goran Eriksson, Football, Manchester City, Roma

Ben McCrum
Ben McCrum

Ben is a sports journalist who specialises in football, Formula One and MMA. He has written for publications such as Manchester Evening News, WiganToday, Manchester World and beIN Sports. Throughout his career, he has interviewed top athletes including Gareth Southgate, Luke Littler, Tom Aspinall and Jenson Button.

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@benmcc14

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