Stanford ambassador likely to lose huge chunk of wealth
Picture: Worried customers queue to withdraw their savings from a Stanford bank. Not pictured: The wolf banging at Michael Owen’s door.
Last April, Michael Owen agreed to become a global ambassador for the Stanford Financial Group. That’s the same Stanford Financial Group whose chairman is currently facing a £5.6bn fraud charge.
Owen’s statement of endorsement, made back in April, now makes interesting reading:
“Stanford is a company that has a solid track record in financial services and wealth management. I’m proud to be associated with the Stanford brand and delighted they’ve asked me to serve as one of their global ambassadors.”
Michael Owen’s pride, however, isn’t the only thing to take a hit in light of the Stanford Scandal - according to the Daily Mail, the striker is thought to have invested in the Texan’s empire, and has some of his fortune managed by Stanford companies.
Owen, was who recently offered a £25,000-a-week pay cut by the team who are sponsored by Northern Rock, is also an ambassador for Jaguar, the car company whose plummeting sales have forced them to lay off staff and halt production.
Is this man financially cursed?
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4 responses so far
1 Ryan Bailey = FAIL // Feb 19, 2009 at 12:18 pm
Yes, he’s a multi millionaire, earning more in a week than most do in several years, he must be financially cursed. Cock.
2 cupiddstunt // Feb 19, 2009 at 1:15 pm
“Michael Owen’s wallet hit hard by Stanford scandal”
Don’t be so stupid the wallet was relieved, the seams were starting to creak and in the early days it needed to travel around in a wheelbarrow that as before it bought a car just for itself so MO travelled in one and the wallet in the other.
But then yep I must agree with wages in excess of 5 mill a year, then add on to that the endorsements and sponsorship deals he has which boosts his earnings considerably higher.
He certainly has a curse on him financially, his curse is where to put all the cash where it will be safe as all the financial institutions are crumbling around him.
I mean just think about it he is only a little guy and if he tried to stuff all that cash under his bed he would not be able to get up onto it without a ladder.
“Is this man financially cursed?” you ask,
Well the answer is yes he just does not know what to do with it all.
3 gabriel lushala // Oct 1, 2009 at 11:39 am
No one knows what is coming tomorrow nothing is certain in Life. So one should laugh at michael owen
4 gabriel lushala // Oct 1, 2009 at 11:54 am
No one knows what is coming tomorrow and nothing is certain in Life. Therefore no one should laugh at michael owen. I don’t think it’s a mistake invest