Why footballers stumble in their finances
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 8 November 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/e9bcbc06-e603-4baf-b5d1-fd8603103bb5
French authorities have opened an investigation into the French operations of UK metals magnate Sanjeev Gupta, and President Joe Biden is moving ahead with his next bill on his ambitious legislative agenda while struggling to revive his political fortunes. Plus, the FT’s Money Clinic podcast host, Claer Barrett, talks about the financial minefields that young British footballers often fail to navigate.
30-day free trial of the Moral Money newsletter:
http://www.ft.com/cop26podcast
French prosecutors investigate Sanjeev Gupta’s business empire
https://www.ft.com/content/b9debac5-bf40-4392-ab9f-2bdb70dcae28
Biden seeks course out of doldrums after US legislative victory - with Lauren Fedor
https://www.ft.com/content/fa0282fd-e8dc-43f1-8222-39e1efdc262e
The financial secrets of footballers, part one - with Claer Barrett
https://www.ft.com/content/962ee94e-1b6d-4631-a6ab-08ff3abea724
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. Today is Monday, November 8th. |
| 0:03.6 | And this is your FT News briefing. |
| 0:08.8 | British industrialist Sanjeev Gupta faces more scrutiny of his business operations |
| 0:13.6 | this time from authorities in France. And in the US, President Joe Biden is pushing ahead |
| 0:18.9 | with his next giant spending bill. Plus, they have glamorous lifestyles and make insanely high |
| 0:25.2 | salaries. So why can't some pro athletes keep their finances straight? |
| 0:29.9 | There are some guys now 18 years old and they're earning 10,000 pounds a week. |
| 0:36.0 | And when it comes to that level, you can easily lose yourself. |
| 0:40.4 | Yes, that was British football legend Saul Campbell. It was on the FT's Money Clinic podcast. |
| 0:45.9 | We'll bring you some of that conversation. |
| 0:48.2 | A Mark Filipino. And here's the news you need to start your day. |
| 0:57.5 | French authorities are investigating the business operations of Sanjeev Gupta. |
| 1:01.6 | That's the UK industrialist once known as Britain's Savior of Steel. |
| 1:05.8 | But his empire is under scrutiny because of its close links to the failed supply chain |
| 1:10.6 | finance company Greenfield Capital. Now, the Paris Prosecutor's Office told the FT |
| 1:15.7 | its probing Gupta's French operations over allegations of misuse of corporate assets |
| 1:20.7 | and money laundering. Gupta's GFG Alliance has several important assets in France. |
| 1:26.5 | They were amassed during a multi-billion dollar acquisition spree financed by Greensell. |
| 1:31.2 | Paris prosecutors say they launched their probe in July after public officials reported suspicious |
| 1:35.8 | activities. They declined to provide details. |
| 1:39.2 | President Joe Biden is pushing ahead with plans to transform the US economy. |
| 1:49.0 | Just last week, lawmakers passed the president's $1.2 trillion infrastructure bill. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.