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Former England footballer David James declared bankrupt

Soccer - Barclays Premier League - Manchester City v Southampton - Etihad Stadium
Soccer - Barclays Premier League - Manchester City v Southampton - Etihad Stadium

David James, the former England keeper, has declared himself bankrupt. He made an estimated £20 million during his career, playing for clubs ranging from Liverpool and Manchester City to Aston Villa, West Ham and Portsmouth. He has also worked as a model and is a pundit for BT Sport.

So how has he managed to run out of cash?%VIRTUAL-SkimlinksPromo%