Sir Bradley Wiggins is a British former professional cyclist who is reportedly at risk of declaring bankruptcy following a near $1 million debt, find out more about him and his net worth
Sir Bradley Wiggins won an impressive eight Olympic medals throughout the course of his career, with five of those coming as gold medals.
What is the net worth of cyclist Sir Bradley Wiggins now in 2023 as he faces bankruptcy
Bradley Wiggins faces nearly £1 million debt and potential bankruptcy: "Professional negligence from others that has left a shit pile with my name at the front of it to deal with" #Cycling https://t.co/IWF5n78Vu1
— CyclingUpToDate (@CyclingUpToDat3) November 10, 2023
Despite all his success on the cycling track, the Olympic medalist is currently on the verge of going bankrupt.
Sir Bradley Wiggins bio and age
Sir Bradley Marc Wiggins, CBE, is a British former professional road and track racing cyclist who was born on April 28, 1980, in Ghent, Belgium. He is currently 43 years old and competed on the professional stage between 2001 and 2016. He began his cycling career on the track but later made the transition to road cycling. He won world titles in four disciplines and Olympic gold in three.
Wife and children
Bradley has been married to Catherine Wiggins since 2004, and the couple has two children together, named Ben Wiggins and Isabella Wiggins.
Weight and height
Sir Bradley Wiggins stands at a height of 1.9 m and roughly weighs around 69 kg.
Sir Bradley Wiggins facing possible bankruptcy after near £1million debt
Wiggins is reportedly facing possible bankruptcy with a debt of nearly $1 million. According to reports, Wiggins has been under an Individual Voluntary Arrangement (IVA) since July 2020. IVA is a program designed to help him pay off his creditors. Liquidators have revealed that Wiggins is yet to pay off a £979,953 loan, which he took in 2022 to pay off another loan from a director. Notably, a spokesperson for Wiggins reportedly disputes the claim by the liquidators.
The liquidators have reportedly instructed Wiggins to sell a property in Spain in order to pay back around £600,695 of the debt. Reports state that trademarks of his name and nickname ‘Wiggo’ are also reportedly up for sale. According to the reports, Wiggins has received a “notice of breach,” which states:
Unfortunately the joint supervisor has informed creditors… if the breach is not remedied then the IVA may be terminated.”
Sir Bradley Wiggins career
Wiggins enjoyed a very successful cycling career, having won five Olympic gold medals throughout his career. Notably, he won eight Olympic medals across the five Olympic games from 2000 to 2016. The 43-year-old decided to retire in 2016 after winning the Tour de France in 2012. Notably, Wiggins launched his own developmental cycling team called Team Wiggins back in 2015. Meanwhile, Wiggins Right Limited, its parent company, entered liquidation around September 2020.
Following the recent developments, Sir Bradley Wiggins has also come out to release a statement, saying:
It’s a very historical matter that involves professional negligence from [others] that has left a s*** pile with my name at the front of it to deal with. Happens to a lot of sportsmen while they’re doing the grafting and on that there’ll be a number of legal claims from my lawyers left right and center as a result.”
ALSO READ: The Digital Revolution in Sports: A Game-Changer on and off the Field