SnookerFan wrote:Just because you earn a lot of money, doesn't mean you're good at keeping it.
Plenty of rich people run out and buy stuff they don't need. Or go out gambling or drinking or throwing money around to look cool. Or getting taken advantage of by people know.
People think if you have money, you need to stop worrying about how you spend it. But you still need to learn how to manage money. That's just as important when you have it.
True enough, SF, and a point well made. However, in the murky world of finance 'bankruptcy' is often a tactic employed to enable you to hold on to some of your money rather than be obliged to hand it over to your (presumably many) creditors. It doesn't, as I used to think, mean you are completely broke, destitute and liable to be thrown onto the streets.
If that were the case, would Mr. Allen really be able to take a sabbatical from his (well paid, at his level) profession? Surely, he would need to earn the wherewithal to pay his way out of trouble and professional snooker, for all the hardships at the lower end of the scale, still offers him a more realistic means to an end than taking an office job for example.
Allen, clearly, has issues which need attending to and I wish him well in doing so, but I would have thought he probably still has enough recompense to keep him enjoying what most of us would consider a comfortable lifestyle for the foreseeable future.