Former Liverpool star Robbie Fowler sets up 'buy-to-let school'
Robbie Fowler, the former Premier League footballer, has launched a "property academy" to teach the secrets of buy-to-let investing.
The former Liverpool star, who is said to be worth £28m, built a portfolio of properties across the North West during his long playing career and is thought to own more than 80 rental properties.
The Robbie Fowler Property Academy is offering free two-hour workshops on property investing in the London area this month.
Mr Fowler said: “What the trained investor knows over and above everybody else is that there is money to be made in property.”
His property empire, which consists largely of terrace houses, led Manchester City fans to sing “We all live in a Robbie Fowler house” to the tune of The Beatles’ Yellow Submarine during his time at the club.
Mr Fowler said: “Off the pitch one of my biggest successes has come from investing in property. When I first started I didn’t know much about the property world but I had some good advice from people who did.
“It was by putting that advice into practice that made my business go from strength to strength. It doesn’t matter what state the market’s in, there is always money to be made as long as you get the right education.”
Some former stars have been less fortunate in their financial affairs.
Jamaican Jason Euell, 33, who earned £6m over his career, which started at Wimbledon, suffered from the collapse of a property investment. Lee Hendrie, the former England player and Aston Villa favourite, who earned £24,000 a week at the peak of his career, was declared bankrupt last year, owing £200,000 in unpaid tax.
Olympic skier Eddie the Eagle declared bankruptcy in 1992 claiming a trust fund for his earnings was not set up properly.
George Best once said: “I spent 90pc of my money on women, drink and fast cars. The rest I wasted.” He suffered from bankruptcy and alcoholism throughout his life.