John Terry's Home Loans Invite Gambling Questions

By Will Godfrey 01/12/12

Chelsea's lavishly-paid Premier League star has reportedly needed to borrow vast sums.

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Has Terry taken too many chances?
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A report in The Sun today reveals that Chelsea captain John Terry—who makes £170,000 a week playing soccer in England's Premier League—remortgaged his mansion for a fourth time last summer. Despite buying the house in Surrey for £2.25 million in 2003, Terry's latest remortgage on the property was for £4.65 million ($7.13 million), records show. A Sun source describes this as "very unusual behavior for someone earning significantly more than half a million pounds a month." Speculation on why he needed these extra loans will focus on Terry's gambling habits; he reportedly quit gambling last February, after staking huge sums on horse and dog racing, soccer games and trips to Las Vegas. The central defender has long endured public scandal over aspects of his private life and is presently embroiled in a case of alleged racial abuse. There are other doubts about his judgement: when he tried, unsuccessfully, to sell his mansion for £6.5 million in 2010, a "friend" of his is quoted as saying that potential buyers "raised questions over taste," because the star had replaced his front lawn with astroturf.

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Will Godfrey is the former editor-in-chief of TheFix. He was also the founding editor-in-chief of Substance.com, and previously co-founded a magazine for prisoners in London. His work has appeared in Salon, Pacific Standard, AlterNet and The Nation among others. He is currently the Executive Director at FILTER. You can find Will on Linkedin and Twitter.

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