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Burnley defender Charlie Taylor has been declared bankrupt due to unpaid bills. The 30-year-old left-back, who earns around £30,000-a-week at Turf Moor, is understood to have been issued with a bankruptcy order last year and is in the process of having it annulled.
Taylor declined to comment, but Mail Sport has learned that the missed payments were the result of an administrative error rather than any serious financial problems or a deliberate attempt to avoid paying.
The debt has since been settled and an application has been made to the High Court for the bankruptcy to be annulled, which is close to being granted.
Taylor is far from the only current or former player to suffer bankruptcy due to administrative oversights or poor investments.
A recent survey from financial services analysts XPro suggested that as many as 60 per cent of former players experienced major financial problems within five years of retiring.
Charlie Taylor has been declared bankrupt due to unpaid bills, Mail Sport understands
The 30-year-old left back currently earns £30,000-a-week at Premier League side Burnley
The PFA are attempting to address the issue by providing financial education modules as part of their LifeSkills programme, which is offered to all professionals aged under 21.
The union also offer a service referring players to independent financial advisors if they encounter difficulties.
Taylor’s bankruptcy does not appear to have affected his form as he has established himself as a regular starter in Vincent Kompany’s side on their return to the Premier League.
The former Leeds defender struggled for game-time last season as Kompany preferred to start Chelsea loanee Ian Maatsen at left-back, but has re-established himself this season at made 17 appearances, the majority of them from the start.
Leeds made a bid to re-sign Taylor last summer which was rejected by Burnley, who want to offer him a new contract.
Taylor has found more game time at the Clarets this term under manager Vincent Kompany
His current deal expires at the end of the season and talks with the club are set to take place at the end of the transfer window.
Burnley declined to comment.
