Footballers must plan for life after sport careers - Jordaan

2012-06-23 15:56

Chairman of the 2010 Fifa Legacy Trust, Danny Jordaan, says the state of ex-football players who have squandered their hard-earned money worries him.

Football is awash with stories of players who have wasted their money on flashy lifestyles and posturing. Jordaan says this must end and, as a result, he says the Trust will issue bursaries to players and administrators to prepare them for life after sport.

“We want to build relationships with educational institutions and find a way to help these players manage their lives in a way that will sustain them beyond retirement. We must remember that most players retire at the age of 35 and they have another 30 years until they reach 65,” Jordaan said.

He was concerned that most players were not able to take care of themselves after their playing careers.

“It’s a classic case of rags-to-riches and back to poverty again,” said Jordaan.

“We must do something to stop this thing as it not only affects the players but the communities too, as these players are forced to go back to their families.”

Jordaan said it hurt to see players going from being rich back to poverty.

“Now we say they must be able to look after their fortunes. What kind of role models are they?” asked Jordaan.
“There have been too many promising careers gone to waste because of the inability to manage additional money that comes their way. They cannot handle their newfound fame, status and exposure and end up being extravagant with their money.”

Jordaan has echoed what Simba Marumo, the South African Football Players Union president, has always said about footballers.

“How many of our players are well off after their playing days?” asked Jordaan.

“Most, not only in SA but throughout the continent, go from poverty to wealth and end up poor again. They earn big salaries but end up where they started, and it is about time we addressed the issue.”

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