Monday, October 20, 2008
Collymore wins £1.5m in damages
Former footballer Stan Collymore has won more than £1.5m in damages from financial advisers who invested money he made from his footballing career.The ex-Aston Villa and Liverpool player of Cannock, Staffordshire, was advised to cash in his insurance policies and set up funds which later failed.
Mrs Justice Gloster at the High Court ruled advice he had was negligent.
Mr Collymore sued Mark Francis, who traded as Chase Independent Financial Advice, and two other companies.
The former striker, aged 37, who is now a football pundit, first consulted Mr Francis in January 2001, the year he retired from professional football.
