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A former Manchester City striker who has racked up more than £1m in tax debts to HMRC has been declared bankrupt.
Managing Editor and Head of Content for Credit Strategy for the last ten years.
Jon Macken, 40, who had stints at Manchester United and Manchester City in a career spanning nearly 20 years, is the latest of 17 former Premier League players who have fallen into bankruptcy in the past decade.
He is also the latest ex Premier League star to amass large debts owed to the tax authority, after being advised to enter various tax schemes. He was officially declared bankrupt in court in Leeds on October 19. It’s the second time he has faced bankruptcy.
Ann Nilsson and Matt Carter of Mazars have been appointed as his trustees in bankruptcy.
Paul Rouse, partner and head of Mazars National Creditor Services, said: “Mr Macken is one of many high net worth individuals who were advised to enter various tax schemes and have subsequently found themselves faced with insurmountable liabilities as a result.
“HMRC are finding increasing success in the courts when challenging these schemes and there are a significant number of individuals who will undoubtedly have to face the same consequences as those that have entered bankruptcy proceedings already.
“Ann and Matt will now undertake a review of the assets available for distribution to the creditors in the bankruptcy estate.”
Macken enjoyed a spell in the limelight in 2004, when he scored the winner for Man City in an FA Cup match against Tottenham Hotspur. City had been 3-0 down at half time but came back famously to win 4-3, with Macken netting the fourth. The game was described at the time by BBC pundit Alan Hansen as one of the greatest in FA Cup history.
Macken began his career at Manchester United in 1995 and later joined Preston North End where he notched up 63 goals in 189 league matches. He then joined City, where he made 51 appearances and scored against Man Utd in the Manchester derby in 2014.
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