Many players face serious financial difficulties after retiring from their sports careers. They often become victims of exploitation by individuals they completely trust. Experts note that lack of financial literacy and naivety lead to the loss of savings. Players unprepared for life after sports become easy prey for unscrupulous financial advisors and business partners. This issue requires special attention from sports associations and government bodies.
Financial Problems of Athletes After Retirement
Many athletes face financial hardships after retirement due to lack of financial literacy and trust in unscrupulous advisors.