Sunday 25 February 2018

Ex-Ireland manager Staunton declared bankrupt

Former Ireland player and manager Steve Staunton was declared bankrupt in April Picture: Damien Eagers
Former Ireland player and manager Steve Staunton was declared bankrupt in April Picture: Damien Eagers
Luke Byrne

Luke Byrne

Former Ireland football manager and international player Steve Staunton has been declared bankrupt in the UK.

Documents filed with the courts in Britain show that Mr Staunton (47), who is originally from Co Louth, was declared bankrupt in April of this year with the period of bankruptcy to last until April 15, 2017.

Mr Staunton is one of Ireland's greatest ever footballers and played for Liverpool, Aston Villa and Coventry City in his distinguished career, and won more than 100 international caps.

He went on to manage the international team between 2006 and 2007, though his tenure was not considered successful.

When he was first appointed as Ireland manager, it was reported that Mr Staunton had extensive property interests in three countries, worth millions.

As well as property in and around his native Louth, he also owned extensive property in the English Midlands and on the Spanish mainland.

In November last year, he opened the Steve Staunton Football Academy, based at Lichfield City FC, near his home in Shenstone, in the British Midlands.

Over the weekend, the 'Sun on Sunday' reported Mr Staunton's bankruptcy came after he invested in three Ingenious Media schemes - Stuart Films, Zeus Films and Tudor Films.

'Avenging Angels', 'Footballers Wives 2' and 'The Three Stooges' are among the productions that the companies were behind.

The British revenue, HMRC, launched an investigation into thousands of high profile individuals who invested in film funds between 2002 and 2010.

Ingenious had targeted high net-worth individuals, including footballers, for investment.

HMRC disputed a scheme whereby contributors were legally allowed to offset losses against tax liabilities.


Mr Staunton filed for bankruptcy three months before some investors with Ingenious were sent Accelerated Payment Notices for tax.

It was unclear if Mr Staunton received such a notice and there is no allegation of any wrongdoing on his behalf.

It was also reported that he was in dispute with a builder over renovations to his cottage.

Mr Staunton has set up a foundation, which has fundraised for causes including Crumlin Children's Hospital.

Last month he spoke about his love of golf and said he had his hip done last year.

In 2006, while managing the international football team, he was involved in a bizarre incident in which he was allegedly threatened with an imitation gun.

A man, with a history of mental health issues, was arrested after allegedly threatening to kill Mr Staunton with a plastic imitation Uzi sub-machine gun.

His last managerial position was with League Two club Darlington, where his tenure ended in March 2010.

He also served a stint as Gary McAllister's assistant at Leeds United and worked for Sunderland as a match assessor, until June 2013.

According to the notice of Mr Staunton's bankruptcy he was not working at the time.

He was most recently seen on November 19, at the funeral for Aston Villa legend Dalian Atkinson, who was killed by a police Taser in an incident at his home.

Irish Independent

Promoted Links

Today's news headlines, directly to your inbox every morning.

Promoted Links

Editor's Choice

Also in Irish News