Boris Becker bankruptcy: What was the tennis star convicted of – and will he be jailed for?
Boris Becker has been found guilty of concealing assets after announcing his bankruptcy. (Credit: Getty Images)
Tennis star Boris Becker has been found guilty of transferring hundreds of thousands of pounds from his business account following his bankruptcy in 2017.
The three-time Wimbledon champion, 54, was also found guilty of failing to declare property in Germany, hiding an 825,000 euro (nearly £700,000) bank loan and shares in a technology company.
The former tennis player was reportedly “shocked” and “embarrassed” when he filed for bankruptcy in 2017.
He was found guilty of four counts under the Insolvency Act, including the removal of property, two counts of non-disclosure of estate and concealment of debts.
But Becker was acquitted of 20 other charges, including nine counts of not presenting trophies and medals from his tennis career.
What was said in court?
Southwark Crown Court heard today (April 8) that Mr Becker hid his assets after filing for bankruptcy.
He is said to have transferred thousands of pounds from his business bank account, as well as withdrawn assets, failed to disclose his estate and concealed debts.
The jury heard that Mr Becker had received around £950,000 from the sale of a Mercedes car dealer, which had been paid into a business account which he used as a ‘piggy bank’ for personal spending.
Thousands of pounds were then transferred to the accounts of his family, including his ex-wife Barbara and ex-wife Sharlely.
Mr Becker also failed to declare property in Germany and to declare a bank loan worth more than £700,000.
Will Boris Becker be sent to prison?
Mr Becker was released on bail, but Judge Deborah Taylor told him he could face a maximum prison sentence of seven years on each count.
He is due to be sentenced on April 29.
When did Boris Becker declare bankruptcy?
The six-time Grand Slam winner officially declared bankruptcy in June 2017 and he failed to repay a £3million loan on an estate in Mallorca, Spain.
Mr Becker said he worked with a group of trustees to ensure his assets were safe and worked on expert advice.
He spoke at the time saying the filler had damaged the “Becker brand”, but QC Jonathan Laidlaw said at the time he had been too “confident and dependent” on his advisers.
His trophies were auctioned off to help raise funds, but he insisted the whereabouts of some were unknown, including two of his Wimbledon cups.
What did Boris Becker say about his bankruptcy?
Mr Becker told the court he had earned a ‘huge amount’ of money during his playing career and had been able to buy residences in Munich, Miami and the Mallorca estate.
However, he revealed that his income had “decreased considerably” after his retirement in 1999.
He added that a “costly divorce” from his wife Barbara in 2001 contributed to his filing for bankruptcy.
Mr Becker paid his ex-wife high child support for their two sons and also had to help his ex-wife and mother maintain a flat in Chelsea, London.
The former tennis player also told the court that ‘expensive lifestyle commitments’ also contributed to his filing for bankruptcy, including maintaining a £22,000-a-month rented house in Wimbledon, London. South West London.