Synopsis
Boris Becker, the former Grand Slam champion, is facing a prison sentence after being declared bankrupt and concealing hundreds of millions of pounds in assets.

Boris Becker, the former Grand Slam champion, is facing a prison sentence after being declared bankrupt and concealing hundreds of millions of pounds in assets.
The 54-year-old three-time Wimbledon champion went bankrupt in June 2017 after his £38 million tennis earnings were sucked dry by an expensive divorce, child support, and his lavish lifestyle.
Becker hid his investment in a house in Germany, as well as shares in a tech business, and transferred £360,000 (€426,930) to others, including his ex-wife Barbara and his estranged wife Sharlely “Lilly” Becker, in response to demands to hand over his assets.
Becker, a former World Number One who now works as a BBC commentator, was found guilty of four offences under the Insolvency Act earlier this month.
Becker was found not guilty of a further 20 offences at Southwark crown court, including allegations that he had hidden his trophy collection from bankruptcy officials. When Judge Deborah Taylor, the Recorder of Westminster, sentences him on Friday, he still faces a prison sentence.
Dean Beale Insolvency Service chief executive said, “This conviction serves as a clear warning to those who think they can hide their assets and get away with it”
“You will be found out and prosecuted.”
Becker was declared bankrupt after defaulting on a £3 million bank loan for repairs to his sprawling estate in Mallorca.
High Court judge decline to grant a further extension to allow Becker to try to pass on the debt, leaving the tennis ace under strict restrictions on his financial affairs.
Becker had fathered a daughter with server Angela Ermakova at London restaurant Nobu in 1999, and he was responsible for child support, which included a £2.5 million Chelsea apartment.
After an examination of his time in Monte Carlo and his native Germany, he was convicted of tax evasion and attempted tax evasion in Germany in 2002.
While facing bankruptcy, evidence was provided of his expenditures at Harrods and Ralph Lauren, as well as €48,000 for an ankle operation at a private clinic, €12,500 to a private aircraft business, and a €6,00 luxury golf resort stay in China.
Becker’s property portfolio was ranked over by investigators, which includes his mother’s home in Leimen, Germany and his daughter’s Chelsea home.
Becker testified at his trial, detailing the “shock” and “embarrassment” he felt when he learned of his bankruptcy and asserting that he had been honest and open with investigators. However, he was accused of ignoring financial limits and using his corporate bank account as a “piggy bank” for personal expenses.
Becker claimed to have taught World No. 1 tennis player Novak Djokovic, as well as commentated for a number of television networks and promoted businesses such as Puma. However, after retiring from tennis, his income “dramatically decreased,” leaving him in desperate straits.
Also Read
Read More News On
Catch all the Sports News, Breaking News Event and Latest News Updates on The BOL News
Download The BOL News App to get the Daily News Update & Follow us on Google News.