Former Manchester United winger Keith Gillespie has revealed that he lost all his money on betting and said that he would not be the last footballer to do it.
According to the Mirror, Gillespie's house is not the typical home of a man who played out much of his career in the Premier League during the wage explosion of the late 1990s and beyond.
In 15 years at the top of a game that pays its best players lavishly, Gillespie blew the cash on gambling, the report said.
A couple of people he thought were friends cost him money, too and their unscrupulousness persuaded him into bad investments, the report added.
However, he was not alone in entering those schemes and other players predict an avalanche of football bankruptcies in the years ahead, the report further said.
Gillespie said that it happened because he was bored going into an empty house or a hotel room and had a lot of money to play with.
He said that there has been plenty of publicity about players with gambling problems but he can guarantee that there are a lot more players who have not been named yet.
