The news of former German tennis star Boris Becker filing for bankruptcy is another addition to the long list of sportsperson gone from riches-to-rags due to financial mismanagement, extravagance or other reasons. Becker, the youngest winner in Wimbledon's history, who lifted the coveted trophy at the age of 17 years, boasted of wealth worth £100 million. Boris Becker, Bankrupt German Tennis Legend Auctions Trophies Including Wimbledon US Open to Pay Off Debts.

However, the news of the German tennis star and six-time Grand Slam winning champion auctioning his trophies to pay off his debts have brought alive the memories of similar instances from the past when some leading athletes and sportsperson lost wealth and financial security and fallen on hard times.

Below Are Five Sports Personalities Who Went From Riches-to-Rags in No Time

1.  Boris Becker 

Boris Becker (Photo Credits: Getty Images)

Six-time Grand Slam and three times Wimbledon winning champion Boris Becker, known for his penchant for good life, has filed for bankruptcy and auctioning his trophies to pay off his debts. Becker, who coached World No 1 Novak Djokovic till recently, has fallen to hard times. The 51-year-old champion was declared bankrupt in 2017 itself but is having to sell-off his trophies and medals now as he is mired in number of financial controversies.

2. Mike Tyson

Mike Tyson (Photo Credits: Getty Images)

The former heavyweight boxing champion and legend in the ring Mike Tyson, is one of the biggest examples of sportsperson gone from being super rich to pauper in no time due to excessive spending habits. Tyson once held wealth in excess of $400 million and famously bought a golden bath-tub but went bankrupt even before his retirement in 2003. The pugilist got in a financial mess following his extravagant spending habits and declining fortunes after his form fell in the boxing ring.

3. Diego Maradona

Diego Maradona (Photo Credits: Getty Images)

The legendary football player and 'Hand-of-God' fame earner Diego Maradona is known for his spendthrift habits and prodigal lifestyle, so much so that the Italian government says he owes them $50 million for unpaid taxes. Maradona played for Napoli for seven years from 1984 to 1991. The Argentine football star is often in news for the wrong financial reasons and reportedly fallen on hard times in past.

4. George Best

Former Manchester United player George Best (Photo Credits: Getty Images)

George Best, considered one of the greatest football players of all time, had also filed for bankruptcy and that too twice in 1980s and 2000s. “I spent a lot of money on birds, booze and fast cars, the rest I squandered," Best was quoted as saying.

5. Antoine Walker

5. Antonio Walker

Antoine Walker (Photo Credits: Getty Images)

Antoine Devon Walker, an American former basketball player, played in the NBA from 1996 to 2008 and made a name for himself. However, he went bankrupt after some wrong financial decisions.

This is in no way a comprehensive list and only a look at some of the top names from sports who went bankrupt. There are many names from sports who squandered the wealth they earned and joined the infamous list of bankrupt athletes.

(The above story first appeared on LatestLY on Jun 24, 2019 04:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).