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Players who have gone bankrupt
Gordon Taylor, chief executive of the Professional Footballers' Association, disputes these figures, saying it is closer to 10% or 20%, but the fact that many multi-millionaire players fall on hard times is not in question.
It is hard to feel sympathy for footballers, especially when they're happy to showcase their flash lifestyle, but Hendrie's story is an interesting one.
Speaking to BBC Radio 4's You and Yours programme, Hendrie told how financial mismanagement and the breakdown of his marriage led to his economic downfall.
He says: "I was earning spectacular sums of money from when I burst onto the scene from the ages of 21 to around 33 - the point where I left the football league. At one point, on bonuses, you're talking £30,000-plus a week.
"I ask myself how I managed to spend that sort of money all the time.
Players who have gone bankrupt
- John Arne Riise
- Brad Friedel
- Keith Gillespie
- Celestine Babayaro
- Eric Djemba-Djemba
- John Barnes
- Jason Euell
- Carl Cort
Gordon Taylor, chief executive of the Professional Footballers' Association, disputes these figures, saying it is closer to 10% or 20%, but the fact that many multi-millionaire players fall on hard times is not in question.
It is hard to feel sympathy for footballers, especially when they're happy to showcase their flash lifestyle, but Hendrie's story is an interesting one.
Speaking to BBC Radio 4's You and Yours programme, Hendrie told how financial mismanagement and the breakdown of his marriage led to his economic downfall.
He says: "I was earning spectacular sums of money from when I burst onto the scene from the ages of 21 to around 33 - the point where I left the football league. At one point, on bonuses, you're talking £30,000-plus a week.
"I ask myself how I managed to spend that sort of money all the time.