Twelve Premier League footballers, who were advised to invest in unregulated collective investment schemes (Ucis), are pursuing their financial advisers for a combined loss of GBP14 million (US$21.3 million), according to claims management firm Rebus Investment Solutions.
Martin Taylor, head of client relations for Rebus, said the 12 foorball players that the firm represents had all been advised by different IFAs.
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Taylor said the firm’s research showed that at least 219 footballers had invested in Ucis, and an estimated total of £1 billion had been invested by players in Ucis over the last decade.
Taylor added: "We are currently dealing with a number of premiership and ex-premiership footballers who are now facing financial ruin as a result of complex investment schemes which they were mis-sold and we think this is just the tip of the iceberg."
According to Taylor, in many cases, the footballers were not made "fully aware of the risks involved or the potential costs" of the Ucis’, and those who believe they were mis-sold need to "come forward".
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By GlobalData
