Originally posted by fudgester:
From the Sunday Times article I read, it says that his businesses failed simply because he's too much of a nice guy.
Apparently some people had taken advantage of him, though the article didn't specify how. In addition, he offered to be the guarantor to a couple of his business partners who went bankrupt, leaving him with their loans to clear.
Heck, when a friend of his wanted to buy a second-hand car from him, he gave him another car dealer's contacts instead. Apparently he felt bad about earning money from his friend.
In fact, he was offered technical directorship of Pahang, but turned it down as he feared that another good friend of his (who is the Pahang coach) may be shunted to the periphery.
It's sad that being too much of a nice guy can be bad.
this is the dilemma of the new modern age metro sexual guy.
to be a guarantor for anything is already bad, how much more as guarantor for businesses. when there is a default for payment, guess who the banks is going to chase after? guarantor of course. moral of the story is, dun ever be a guarantor for anyone, even your relatives. you dunno what you are signing for as a guarantor until default of payment happened, then you are in big trouble.
not only footballers, actors / actresses, sportsman like remy ong (bowler) popiah business also went bust. they dunno a thing in business and just go along with their partners as they provide part of the capital, like a sleeping partner. they have no clue on how to do business, where to get clients, how much money needed to sustain rental and labour costs etc.
moral of the story, most sportsmen businesses went bust, but minority like wigan owner Noel Whelan JJB retails business in UK is a classic case of sportsman make good, but that is only a handful of successful sportsmen making a transition.