Finance

Soccer-Former England coach Eriksson died heavily in debt

Published by Global Banking & Finance Review

Posted on January 15, 2025

1 min read

· Last updated: January 27, 2026

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Sven-Goran Eriksson, former England coach, faced significant debt issues - Global Banking & Finance Review
This image highlights the financial challenges faced by Sven-Goran Eriksson, the former England football coach, who died in debt. His story sheds light on financial mismanagement within the sports industry.
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(Reuters) - Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over 3.8 million pounds ($4.64 million) following years of financial

Sven-Goran Eriksson's Debt: Former England Coach's Financial Woes

(Reuters) - Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over 3.8 million pounds ($4.64 million) following years of financial mismanagement.

Eriksson, who died in August last year at the age of 76 having earlier announced that he was terminally ill with pancreatic cancer, left assets worth 4.8 million pounds but owed 8.64 million.

Most of Eriksson's debts were tax related in the UK, owing 7.25 million pounds to HM Revenue and Customs (HMRC), according to Swedish media reports.

Eriksson, who managed England between 2001 and 2006, had previously spoken of losing 10 million pounds to a financial adviser and admitted that he had no idea how much money he had or where it was.

($1 = 0.8182 pounds)

(Reporting by Trevor Stynes, editing by Pritha Sarkar)

Key Takeaways

  • Sven-Goran Eriksson died with debts over £3.8 million.
  • His assets were valued at £4.8 million.
  • He owed £7.25 million to HMRC in the UK.
  • Eriksson lost £10 million to a financial adviser.
  • His financial mismanagement was widely reported.

Frequently Asked Questions

What is the main topic?
The article discusses Sven-Goran Eriksson's financial mismanagement and debt at the time of his death.
How much did Eriksson owe to HMRC?
Eriksson owed £7.25 million to HMRC in the UK.
What were Eriksson's total assets?
Eriksson's assets were valued at £4.8 million.

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