South African Footballers Who Went Broke After Retirement. The sad truth about footballers lives is that they aren’t taught how to manage their sudden increase in funds, and they get caught in a trap living lavish lifestyles they can’t keep up with.
Hareipha ‘Simba’ Marumo once made an astonishing statement that said: “70 percent of our retired players are living in extreme poverty.”
This is quite an astounding number but one which is believable as the Fan Park highlights a number of players who splurged all their money and have turned out broke.
Top 10 South African Footballers Who Went Broke After Retirement
10. Benedict Vilakazi
A player who had the world of expectation thrust upon his shoulders, fell by the wayside with his controversial lifestyle. His professional career was rocked by sex scandals with juveniles including being dragged to court on allegation of statutory rape, which in turn prohibited his move to Swedish side Djurgården. He then moved from club to club but disciplinary issues followed him everywhere and he was landed up quitting the game at the age of 30.
9. Philemon Masinga
Once a multi-millionaire who owned petrol stations, boutiques and night clubs was declared penniless back in 2011. The man, whose historic goal took South Africa to its first World Cup in 1998, went from a million rand mansion in Klerksdorp to moving into the back room of his mother’s house.
He has lately been involved in the Castle Lager SuperStars campaign, where he has become a brand ambassador for the beer company.