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After Their Retirement, These 5 African Football Players Went Almost Bankrupt

Football players are known for their lifestyle that borders on luxury, but what happens after retirement?

With multi-million contracts, many players earn impressive salaries and live a busy life – but most of them fail to feel comfortable.

Even if they manage to accumulate great fortunes during their career, many professional footballers face the sad reality that is bankruptcy, when they retire.

Here are some African players (oddly all South Africans) who are now broke after retiring …

Philemon Masinga

Sport: These African players who went bankrupt after their retirement

He became famous by scoring a goal that led South Africa to the 1998 World Cup. In addition to being a player, he was also a businessman. But he went bankrupt after his retirement. The index that revealed his bankruptcy is that he moved from his mansion worth millions to live with his mother in Soweto.

Steve Lekoelea

Sport: These African players who went bankrupt after their retirement

Steve “Chippa” Lekoelea is a South African midfielder, who has played for Platinum Stars and South Africa. Just after cutting ties with all his clubs, he went bankrupt. He may be criticized for his early retirement, but the truth is that all the money he saved while playing football was spent on parties. His glory was indeed short-lived.

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Thembinkosi Fanteni

Sport: These African players who went bankrupt after their retirement

Fanteni loved sumptuous life, he bought luxury goods from big brands at high prices. He also spent his money on women and cars. Fanteni had the impression of living in a dream all the time, when he finally realized that his bank account was almost dry. Thembinkosi “Terror” Fanteni is an attacker. He was part of the South African team at the 2008 Africa Cup of Nations and the FIFA Confederations Cup 2009.

Junaid Hartley

Sport: These African players who went bankrupt after their retirement

Hartley went bankrupt after using all the money he had in his career to pay lawyers when he was trying to cut ties with Orlando Pirates. He tried to revive his career but luck did not smile.

Jabu Mahlangu

Sport: These African players who went bankrupt after their retirement

He grew up poor but his football career allowed him to taste luxury and opulence. But this rich life of Mahlangu has been short-lived. The player was a follower of the holidays where he spent a max. After his retirement he went bankrupt.

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