Wednesday 21 August, 2019

Dwight Yorke to appear in UK High Court over money troubles

Former Manchester United footballer, Dwight Yorke, is due to appear in the High Court in London after his company's assets have reportedly suffered serious losses. 

According to The Sun, Yorke's spokesman denied he faced a bankruptcy hearing but declined to say what the High Court case was about.

The hearing, which is set for Monday, is one of 13 to be held at the Rolls Building, which handles voluntary bankruptcy applications and creditors’ demands.

The Sun adds that although the hearing may concern his company, the Tobago-born striker is named in person on the court list. 

Yorke, who retired in 2009, set up his company Dwight Yorke Promotions in 1997.

The company's line of business includes operating and promoting professional and semi-professional athletic clubs and events.

The company's latest records, from September 2015, show its held assets of £6,094, down 73 percent on the previous year.

But the company owed £6,092 in bank overdraft fees and long-term loans, meaning it had net assets of just £2.

An application for it to be struck off was lodged at Companies House last month.

Land Registry records also show a string of charges against Yorke’s £3million home in Alderley Edge, Cheshire.

Since his retirement, Yorke worked as a pundit with Sky Sports in 2011.

 

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