Wednesday, June 21, 2017

Becker Story

Lot of chatter across German news this afternoon on Boris Becker, the former German tennis player.  A Brit bank has said that Becker is bankrupt.....with Focus telling part of the story.

If you go across the whole story.....this guy went and bought in the mid-1990s a fair piece of property in Mallorca, and just started building a house onto it.  The plan changed over and over.....screw-up's occurred.....and he began to see less pay coming in.

The property today?  It's still in his hands and I doubt if it's anywhere near the value that he thinks it ought to be.  I doubt that you can sell it unless you accept a significant amount of loss.

No comments: