Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1007 Sat. March 31, 2007  
   
Sports


Riise declared bankrupt


Liverpool's Norwegian defender John Arne Riise was declared bankrupt by Liverpool County Court on Friday for an unpaid debt of around 100,000 pounds (196,000 dollars).

Riise, who earns an estimated 50,000 pounds a week, is involved in a legal battle with his former agent, Einar Baardsen, whom he has accused of swindling him out of three million pounds (5.9 million dollars).

Riise's legal team are reported to be preparing to go back to court to have the bankruptcy order annulled.