The Eriksson Family Sells Luxurious Mansion to Settle Debts
The family of the late Swedish coach Sven-Göran Eriksson is facing a complicated situation, as they are forced to sell his luxurious mansion in Torsby, Sweden, in order to pay off debts, according to several newspapers reported today, Monday.
Eriksson, who coached the England national team from 2001 to 2006, passed away in August 2024 at the age of 76 after battling pancreatic cancer. After his death, his family discovered significant debts amounting to around £8 million (over €10 million), most of which were taxes owed to the British tax authorities, totaling £7.25 million, along with other debts resulting from failed investments and fraud by his former financial advisor, Samir Khan.
In an attempt to settle these debts, his family (including his partner Yaniseth Alkidis and his two sons, Lina and Johan) had to sell his luxurious mansion in the Torsby area of Sweden, which is located on the shores of Lake Fryken. Eriksson bought the mansion in 2002 for 4.5 million pounds, and it featured 7 bedrooms, making it a lavish place where he spent his final days.
The palace was initially listed for 2 million pounds, but it didn't sell quickly, so the price was reduced to 1.6 million pounds. It eventually sold for an undisclosed amount, estimated to be around 1.3 million pounds or more, to a businesswoman in e-commerce.
In addition, the family sold some of his personal memorabilia (such as an invitation from Queen Elizabeth II and signed shirts from players like Didier Drogba) at an auction, raising about £140,000 to help pay off debts, but this amount is considered a small part of the total.
Despite his substantial income over a 42-year coaching career, debts have piled up. He received millions in severance payments from clubs like Manchester City and national teams such as Mexico.
Eriksson, who coached the England national team from 2001 to 2006, passed away in August 2024 at the age of 76 after battling pancreatic cancer. After his death, his family discovered significant debts amounting to around £8 million (over €10 million), most of which were taxes owed to the British tax authorities, totaling £7.25 million, along with other debts resulting from failed investments and fraud by his former financial advisor, Samir Khan.
In an attempt to settle these debts, his family (including his partner Yaniseth Alkidis and his two sons, Lina and Johan) had to sell his luxurious mansion in the Torsby area of Sweden, which is located on the shores of Lake Fryken. Eriksson bought the mansion in 2002 for 4.5 million pounds, and it featured 7 bedrooms, making it a lavish place where he spent his final days.
The palace was initially listed for 2 million pounds, but it didn't sell quickly, so the price was reduced to 1.6 million pounds. It eventually sold for an undisclosed amount, estimated to be around 1.3 million pounds or more, to a businesswoman in e-commerce.
In addition, the family sold some of his personal memorabilia (such as an invitation from Queen Elizabeth II and signed shirts from players like Didier Drogba) at an auction, raising about £140,000 to help pay off debts, but this amount is considered a small part of the total.
Despite his substantial income over a 42-year coaching career, debts have piled up. He received millions in severance payments from clubs like Manchester City and national teams such as Mexico.