Carlton Cole declared bankrupt despite earning millions during his career

Carlton Cole declared bankrupt despite earning millions during his career

- Carlton Cole goes bankrupt after quitting active football

- The ex-England striker earned around £30,000 a week while playing at West Ham

- Cole ended his career after five months stint with Indonesian side Persib in 2017

Ex-England and Chelsea ace Carlton Cole has been declared bankrupt despite earning £30,000 (about N14m)-a-week during the peak of his football career.

According to a UK Sun report the 34-year-old forward, who snubbed Nigeria’s advances in 2004, was handed the decision at London's High Court.

A statement issued by Cole’s spokesman revealed that the former Chelsea and West Ham forward is now working with youngsters. "Carlton Cole is currently working mentoring young people and footballers about the pitfalls of life and money.

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"He will be going into more detail in the coming weeks about the advice that contributed to this situation and the people he had around him who had a negative effect on his career and finances.”

In addition the former England international is optimistic that his experience will assist the youngsters going forward.

"I hope my story will help young footballers to take responsibility for who they listen to and take advice from.

"Unfortunately, I didn’t realise what was going on until my career was in the latter years and too late for me to turn things around,” Cole added.

The case was brought by financial advice firm Quantuma.

Cole netted 51 goals in 289 top-flight games and won seven England’s Three Lions caps.

Cole has now launched his 'CCTwelve Football Academy' in East London after he was declared bankrupt on June 27.

It offers kids between the age of seven and 14 the platform to "play against professional academies".

Cole moved to Celtic after leaving West Ham in 2015, and then Sacramento Republic in the US.

Interestingly, he spent the last five months of his playing days last year with Indonesian top-flight side Persib, who he left in August.

The former England forward made his pro debut for Chelsea under Claudio Ranieri in 2002 as an 18-year-old.

Ex-England and Chelsea ace with Nigerian roots declared bankrupt despite earning N14m weekly

Ex-England and Chelsea ace with Nigerian roots declared bankrupt despite earning N14m weekly. Photo credit: Getty Images

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Loan stints at Wolves, Charlton and Aston Villa followed before he joined West Ham in 2006.

Meanwhile, NAIJ.com previously had reported that Chelsea captain Gary Cahill is set to move to Turkish champions, Galatasary if an agreement is reached by both clubs, Turkish Football report.

Galatasaray president Mustafa Cengiz and Chelsea director Marina Granovskaia are locked in talks over the potential transfer as the Turkish club are keen to sign a central defender before the transfer window closes on September 1.

The Istanbul outfit missed out on signing Manchester City centre-back Jason Denayer this week after he joined Ligue 1 side, Lyon.

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