Cape Town - Seventy percent of people who receive a large windfall of money end up going bankrupt a few years later, according to research.
Former German-born tennis star Boris Becker is a case in point. Once the youngest player to ever win the Wimbledon men's tennis singles championship, 49-year-old Becker was declared insolvent by a UK Bankruptcy and Companies Court at the end of June 2017.
Becker, who according to news reports at one point boasted an estimated personal fortune of over £100m (R1 753m), is not the first nor will he be the last professional athlete to become a victim of poor financial planning.