I remember watching the TV show about footballers' wives that used to be prime TV viewing. Seeing the glamour of how footballers spent their large salaries was addictive viewing, but all taken with a pinch of salt.
Unfortunately, some of what was portrayed in the TV drama has turned out to be quite accurate when it comes to spending and lifestyle choices. The article attached shows how quickly the lavish lifestyle can disappear. One of the suggested reasons for this is the effect of marriage breakdown at the end of footballer's careers. We are all very used to seeing some footballers in the papers in compromising positions, with marriages at risk, reports of adultery and gambling habits.
Some influential case law for family lawyers has come from cases involving footballers in recent years, including Ray Parlour's divorce in 2004. Ryan Gigg's divorce may create more interesting case law for us if he claims his "genius" and "special contribution” to the matrimonial assets demand he should have more than his wife, as the papers have been suggesting he will argue.
Although there are few that have the salary of footballers, the principles used are largely the same when we are looking at how assets, income and pension should be divided on divorce. More details of this can be found at :-
Life changes rapidly for players following retirement and, amazingly, 33 per cent of ex-pros are divorced within 12 months of hanging up their boots. A large proportion leave their marriages with their own wealth severely compromised.