Bankrupt England rugby legend Lawrence Dallaglio has offered his 2003 World Cup winner’s medal at an public sale for a hammer worth of £54,000.
The ex-England captain raised a mixed complete of £100,500 as he parted methods with 12 objects from throughout his profession at Budds public sale home in Wellington, Northamptonshire. Ten different items of memorabilia didn’t promote.
Among the many different objects offered have been his 2003 Six Nations winner’s medal (£7,500), his 3003-04 Champions Cup victory medal (£4,400), and his 2007 World Cup runner-up medal (£5,000).
Nevertheless it was a disappointing day as his World Cup winner’s medal had been estimated to go for £50,000-£80,000, which means he solely hit the decrease finish of the dimensions. An web purchaser picked it up.
Dallaglio was declared bancrupt final yr after he and his spouse of virtually 20 years, Alice, divorced, and was accused of spending excessively on a lavish way of life.
It ended with Dallaglio being pressured into promoting their household residence for £2.4million final Might, after it had been put available on the market for £3.3million months earlier.
The day after the sale, the previous rugby star was declared bankrupt and was ordered at hand over his share of the proceeds to repay an overdrawn director’s mortgage of greater than £366,500.
Sometimes, restrictions imposed by chapter finish after 12 months in England and Wales however they are often prolonged by a decide. Restrictions on Dallaglio have been prolonged in Might for 3 months till August 7.
Lawrence Dallaglio has offered his World Cup winners’ medal after being made bankrupt
The England rugby legend’s lavish spending and divorce from his spouse Alice has led to his monetary spoil
The Insolvency Register has now been up to date to indicate Dallaglio’s discharge from chapter has been suspended till August 31 subsequent yr.
The Telegraph reported {that a} listening to, initially scheduled for Friday, has now been postponed and will happen subsequent spring.
Earlier this yr, the previous England star was accused of continuous to spend closely and leaving ‘nothing’ to pay his money owed.
A Telegraph report claimed that every month Dallaglio’s ‘extreme spending’ integrated £1,000 on clothes and footwear, the identical quantity on journey and transport, £800 on groceries and £500 on alcohol.
It was additionally claimed that Dallaglio earned round £200,000 between August and January, but spent all of it, with out leaving any to pay tax or his divorce settlement to his ex-wife.
Throughout that interval, he labored as a rugby pundit on Premier Sports activities and was a columnist for The Sunday Instances.
In Excessive Courtroom paperwork obtained by The Telegraph, trustees of Dallaglio’s chapter additionally accused him of being ‘largely uncooperative’, with one in every of them alleging there was ‘proof of an undisclosed checking account’.
These claims have been made after his chapter was prolonged by three months following an software by Nick Parsk, a joint-trustee. Parsk had been trying to implement an Earnings Funds Order (IPO) towards Dallaglio.
An IPO is a courtroom directive requiring a bankrupt individual to pay a portion of their surplus earnings to their trustee to assist repay collectors.
Dallaglio has beforehand accused Parsk of offering ‘an incomplete image’ when it comes to how he has cooperated.
In what is named a ‘skeleton argument’ filed on the Excessive Courtroom, Parsk had equally claimed the previous England participant ‘cancelled a number of appointments at which his rugby profession memorabilia was to be valued’, whereas the knowledge he was offering about his earnings and spending got here ‘sporadically and unclearly’ in addition to ‘late and incompletely’.
The applying continued: ‘Mr Dallaglio’s spending habits imply that there’s at the moment nothing left over to go in the direction of the claims towards his chapter property.
‘There aren’t any indicators of Mr Dallaglio voluntarily lowering his spending – see the figures provided earlier this yr, the place anticipated earnings decreased however supposed expenditure didn’t.
‘Moreover, it was solely at the moment that it got here to the applicant’s consideration that every one earnings within the interval 01.08.25 to 31.01.26 have been spent with out financial savings for tax.’
Dallaglio rejected many of those claims in his witness assertion, insisting he had ‘made important efforts’ to collaborate with the trustee and ‘by no means sought to frustrate or evade’ the applying for an extension to his chapter.
He additionally insisted that he didn’t conceal property and added that his stage of engagement was affected by his late father’s dying on the finish of final yr, earlier than which he served as his ‘main carer’ – after which ‘successfully handed over my whole inheritance to the chapter property’.
Dallaglio’s lawyer acknowledged in June that there have been ‘various allegations that are strongly disputed by Mr Dallaglio and never accepted’.
Paperwork printed in December revealed Dallaglio owed an additional £423,570 in overdrawn director’s loans for his failed sports activities firm Lawrence Dallaglio Ltd.
Dallaglio, who spent all of his membership profession with Wasps, additionally owed greater than £60,000 to liquidators – greater than two years after they have been appointed.
There have additionally been claims totalling about £350,000 and £61,000 by HM Income & Customs and two different collectors.
