toxicflame
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The ruling was made at Macclesfield court on Thursday after the US keeper was found to have built up debts of £5 million.
The 39-year-old is reportedly to have got into financial difficulty after his US football academy ran up millions of pounds of debt.
The academy, in Friedel’s native Ohio, was opened in 2007 as a non-profit venture.
However, lender RBS Citizens was forced to take action and court documents show Friedel and his company owed almost £5 million last August.
In December, repossession proceedings also began on a £260,000 house owned by the Villa keeper.
A spokesman for Friedel quoted in the Mirror as saying: ‘This is a technical bankruptcy and it is not anticipated that it will be in place for long as an application for an annulment will be submitted in the next few days.
‘Arrangements are in place to deal with the issues which gave rise to the bankruptcy.’
Friedel is out of contract in the summer and is set to leave Villa as manager Gerard Houllier reshapes his squad.
Sad news a Blackburn legend, hope your sort it out soon Brad.
The ruling was made at Macclesfield court on Thursday after the US keeper was found to have built up debts of £5 million.
The 39-year-old is reportedly to have got into financial difficulty after his US football academy ran up millions of pounds of debt.
The academy, in Friedel’s native Ohio, was opened in 2007 as a non-profit venture.
However, lender RBS Citizens was forced to take action and court documents show Friedel and his company owed almost £5 million last August.
In December, repossession proceedings also began on a £260,000 house owned by the Villa keeper.
A spokesman for Friedel quoted in the Mirror as saying: ‘This is a technical bankruptcy and it is not anticipated that it will be in place for long as an application for an annulment will be submitted in the next few days.
‘Arrangements are in place to deal with the issues which gave rise to the bankruptcy.’
Friedel is out of contract in the summer and is set to leave Villa as manager Gerard Houllier reshapes his squad.
Sad news a Blackburn legend, hope your sort it out soon Brad.