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Sven lost £10m on property deals

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27/08/2013
Sven-Goran Eriksson claims an incompetent financial adviser cost him

The former England football managerhas hit out at the financial adviser, labelling him the “only person on earth I hate.”

Eriksson (pictured) has alleged adviser Samir Khan cost him the amount through investments that went awry, the Daily Telegraph has reported.

The investments are claimed to include a residential and leisure development of flats in Hampshire, and a proposed development in Barbados.

Khan denied the claims but was taken to court by Eriksson and then declared bankrupt last month, according to the paper.

The manager, who was in charge of the England football team between 2001 and 2006, is reportedly unable to forgive the man who has cost him a vast fortune.

“You know I never hate anyone in my life. I do not think I have many enemies but I hate Samir Khan because you can’t treat people like he has done,” he said.

“He is probably the only person on earth I hate. I feel let down, angry and disappointed because I trusted this man for many, many years. I gave him too much freedom. I gave him all the authorities he needed to take care of my economy.”

Eriksson is now seeking to offload a number of properties.

“Even if I was paid well with the jobs I had it’s big, big money. I’m not bankrupt. I still have some money. The big problem was the cash when you don’t have a job, which I didn’t for a while. Because Samir [got] me a lot of bank mortgages,” he told the paper.

“I had to pay them. I needed cash. So I’m starting to sell.

“I have some properties, which I am going to sell. One I have already sold. I am selling important parts of my life. I have another property in Sweden I have to sell.”

In 2009, Eriksson grew concerned about his relationship with Khan and asked Deloitte to run checks on him, which led to Eriksson terminating their professional a year later, according to the paper.

In May 2010, Eriksson’s solicitors obtained a worldwide freezing order in the High Court against Khan and the Swede formally launched legal proceedings against him.

Court documents claimed that Khan had access to confidential details “including mandates to bank accounts which gave him unlimited access to Mr Eriksson’s wealth”.

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