German mags report major Becker debt

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Boris Becker is being hit with a double-barreled dose of German tabloid magazine drama.

Two magazines have published stories that assert the 49-year-old former tennis star’s forced bankruptcy declaration in a London court just before Wimbledon this year is just the tip of a debt-laden iceberg.

The German magazine Stern reports in its Thursday edition that the 49-year-old retired tennis star owes significantly more than had earlier been reported. The magazine puts his total debt at more than 54.4 million British pounds (more than $72 million US).

Another German magazine, Bunte, says it has seen a 24-page report from the Smith & Williamson financial firm. The report refers to almost exactly the same amount of debt.

And, according to Bunte, the firm believes it is “probable” that “additional creditor claims are established”.

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Two German magazines detail the breadth of retired tennis star Boris Becker’s financial woes.

An auction could be in the offing

The magazine claims Becker’s valuable collection of trophies are to be auctioned off by the firm of Wyles Hardy & Co. It also assrts that he has been urged not to dispose of any memorabilia either from his home, or his mother’s home. 

As well, it reports that the auction house already has taken possession of four watches valued at nearly $50,000 US.

Stern is reporting that financier Hans-Dieter Cleven is owed the most, some $45 million US.

Welt reported back in July that the two, who have been involved in several businesses together over the last two decades, were headed to court in Switzerland. The newspaper also reported Cleven had bailed out his business partner financially on several occasions in the past.

Stern reports that some of Becker’s assets have yet to be evaluated. But the total value of those that have, the magazine claims, is less than $650,000 US.

There has been no comment from Becker on the emerging drama. And the nature of the magazines will always make you reserve judgment.

But it sure doesn’t look good for him.

As his own lawyer said during the original flurry of stories back in June, “He is not a sophisticated individual when it comes to finances.”

The Daily Mail has a summary in English of the German reports.

Becker new head of German men’s tennis

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The German Tennis Federation has created a new job for its men’s icon, Boris Becker.

Becker, 49 and the former coach of Novak Djokovic, is the new “Head of Men’s Tennis.” And, in the process, Fed Cup captain Barbara Rittner will become the “Head of Women’s Tennis.”

Rittner already unofficially fills that role. Whenever there’s a female German player on court at a Grand Slam event (and others), you will usually see her courtside, paying rapt attention. Her leadership clearly has been a source of support to the many and varied German women at the top of the game.

“To have Boris Becker and Barbara Rittner fill these key positions is a milestone on our target-oriented path to recovery,” said German Tennis Federation vice-president Dirk Hordorff.

Hordorff also is the longtime coach of Janko Tipsarevic.

By “recovery”, of course, Hordorff must be referring to German men’s tennis. Because the women have been doing just fine. Angelique Kerber has been the No. 1 ranked player in the world for much of the last year and a half. And they have six other players in the top 100 at the moment. Add to that Annika Beck and Sabine Lisicki, who have fallen out because of injury.

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If a German female player was practicing at a big tournament, you’d usually see Barbara Rittner there, observing. (Stephanie Myles/Tennis.Life)

The Germans have eight men’s players in the top 115 on the ATP Tour. And they have the brightest prospect of all, rising star Alexander Zverev, at No. 6.

Most countries wouldn’t feel that count requires a “recovery”. But the Germans are comparing themselves to a history that includes both Becker and Steffi Graf.

The new German Fed Cup captain will be Jens Gerlach.

Becker role in the works 18 months

“I have been in continuous communication with Vice-President Dirk Hordorff for about a year and a half in order to find a suitable role for me at the German Tennis Federation. Naturally, due to my job as Novak Djokovic’s coach until the end of last year, this was not possible earlier. The discussions between me and the Federation became more intense since the first-round Davis Cup tie against Belgium. Finally in Wimbledon we came to an agreement,” Becker said in a statement.

“In general, the goals are to help German men’s tennis through my experience as a former player and coach. Furthermore, I am looking forward to exchanging views with the Davis Cup team captain and the national coaches, as well as with our best men’s and up-and-coming players.”

Becker added that he would begin the job right away, 

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Jens Gerlach

“I will start my work at the US Open where I will be able to take a closer look at the German players within the framework of my activity for Eurosport.”

He said Rittner, 44 and a former top-25 player in both singles and doubles,  had been a great resource during the course of the courtship.

“Barbara Rittner was a great help to me in the past 18 months. Without her support, I wouldn’t do my new task. She gave valuable insights into the ‘new’ German Tennis Federation,” Becker said.

Gerlach, 44, is the former boyfriend and coach of French Open champion Anastasia Myskina. Myskina herself currently is the Russian Fed Cup captain. Gerlach has also worked with Vera Zvonereva, among other players.

Bankruptcy for Boris Becker

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London’s The Telegraph newspaper reports former Wimbledon champion Boris Becker was declared bankrupt Wednesday.

The 49-year-old is the former coach of Novak Djokovic, and an ambassador for a poker company.

As the German gets ready to take on a high profile role as an analyst during Wimbledon for the BBC and other outlets, it probably doesn’t come at the best time for his professional image.

“He should have thought about that a long time ago,” the judge in the case said.

The declaration came in the Bankruptcies and Companies Court in London. It concerns a debt owed to a London private bank that has been outstanding for 20 months.

The next step is to have Becker’s assets liquidated to pay his creditors. The amount of the debt was not disclosed, but was described as “substantial”.

Becker will have all this hanging over his head as he prepares for plenty of camera time during Wimbledon. He has a home in the area. (Stephanie Myles/Tennis.Life)

Becker issued a statement, also broken down into multiple Tweets for his 656,000 Twitter followers (read bottom to top).

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Boris

Becker’s attorneys asked for the proceeding to be postponed a month, so that he could remortgage a property he owns in Mallorca to help pay off the debt.

His lawyer said, of his 49-year-old client, “He is not a sophisticated individual when it comes to finances.”

Not the first money miscue

The Telegraph story outlines many of Becker’s previous financial … misadventures. They include a tax evasion conviction and divorce and paternity suits. There also was Dubai real-estate venture named after him that went belly-up. As well, a host of contractors” bills related to the construction of his Mallorca home reportedly were unpaid.

Becker has five children with three different women, including two wives.

The judge didn’t find the evidence that Becker would repay the money in short order credible enough to issue a stay.

 “One has the impression of a man with his head in the sand,” she said. 

Becker coached former No. 1 Djokovic for three years, until the end of the 2016 season, when he was relieved of his duties. (Stephanie Myles/Tennis.Life)

There’s lots of detail in this well-reported story. Worth a read.