Team GB hero Sir Bradley Wiggins declared bankrupt and may be forced to sell his medals
8 June 2024, 16:54
Olympic hero Sir Bradley Wiggins has been declared bankrupt and could lose his gold medals.
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The first Brit to win the Tour de France has suffered ongoing financial difficulties with businesses in his name.
The cyclist won eight Olympic medals including at the London 2012 Games - but was declared bankrupt earlier this week.
The 44-year-old Lancastrian is a five-time gold medal winner but could see the gongs seized by HM Revenue & Customs.
Wiggins Rights Limited entered liquidation in 2020 owing the taxman £650,000.
The company owned the trademarks for the cycling legend's name, "Wiggo" and "Wiggins".
It is co-owned by Sir Bradley, his ex-wife Cath and his mum Linda.
A spokesman said in 2020 that Wiggins's "involvement in the companies was not day to day" and that "this in no way affects Bradley’s personal solvency".
The cyclist was placed in an Individual Voluntary Arrangement in 2022 to help him clear the debts - but by last year they had ballooned to over £1million.
The new financial difficulties come after tennis legend Boris Becker was jailed after being declared bankrupt.
