Despite having invested millions in various sectors, Gareth Bale, who once played for Tottenham Hotspur and Real Madrid, is still well aware that many players fall into bankruptcy after hanging up their boots because they want to continue maintaining an extremely high standard of living. He admitted that he is very afraid of ending up bankrupt and explained how he is trying to avoid this situation.
Bale once became the world’s highest-paid player after signing a six-year contract worth £150 million with Real Madrid in 2016. “This has always been something that makes me anxious. You read articles about people going bankrupt after leaving professional sports. They don’t know how to manage their money or deal with all these things. I guess many athletes live a luxurious life, but I try not to. I’ve always thought about what my life will be like after retirement.”
“When you leave football, your income stops. So how do you restructure your life? From the very beginning, I tried to diversify my investments. I’ve always had a basic philosophy: I try to put my money into different ‘buckets’ and invest in different areas. Because even if one pillar falls and doesn’t work, the entire building won’t collapse as a result.”
