Revealed: Court Orders For Essien’s Properties To Be Sold To Repay Defaulted Bank Loans

Michael Essien, the former Ghanaian international and Chelsea midfielder, is grappling with severe financial difficulties that could result in the forced sale of two of his properties in Ghana. The Commercial Division of the High Court has issued an order for the sale of these assets as creditors seek to recover substantial debts accrued by the footballer.

The Deputy Sheriff of the High Court sanctioned the order on June 12, 2024, following legal proceedings initiated by various banks and financial institutions in Ghana. Essien, who is reputed for his remarkable career in European football, has struggled to repay significant loans, culminating in this critical turn of events. One of the properties in question is reportedly valued between $20 million and $30 million.

Essien’s illustrious career began at Bastia in France, after which he moved to Olympique Lyonnais. His exceptional performances at Lyon caught the attention of Chelsea FC, where he became one of the highest-paid players in the Premier League. Essien’s tenure at Chelsea marked the zenith of his career, where he secured multiple Premier League titles and a UEFA Champions League trophy. Beyond Chelsea, Essien’s career saw him don the jerseys of other prestigious European clubs, including Real Madrid and AC Milan.

Despite his successful football career, Essien’s current financial woes underscore the challenges athletes can face post-retirement. The impending sale of his properties is a significant chapter in his ongoing financial crisis, reflecting the substantial debts he has incurred.

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Source: GhanaFeed.Com