Insolvency proceedings ended: Expert explains questionable deal that makes Becker debt-free in one fell swoop
Thursday, February 29, 2024, 1:28 p.m
The end of the insolvency proceedings against Boris Becker comes as a surprise. The former tennis star pays what he considers a measly portion of the debt to the insolvency administrator and is fine. Becker expert Daniel Müksch explains how the deal should be assessed and why both sides agreed.
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What does the end of the insolvency proceedings mean for Boris Becker?
For Boris Becker, the deal means that his insolvency proceedings in England are over. The process would actually have continued until 2031. The whole thing was made possible by a regulation in British insolvency law: it’s called “discharge from bankruptcy” and is intended to give those involved a financial fresh start in Great Britain.
However, there are still restrictions for him in Great Britain: Becker is still not allowed to work as a managing director in England, and he also has extended conditions for loans from banks. These restrictions apply until October 16, 2031, the originally planned end of his personal bankruptcy.
About the expert
Daniel Müksch has published for FOCUS, Playboy and Bunte, among others, and was sports editor at Münchner Merkur and tz. Müksch is a former tennis squad player and as an author, editor and host he published the podcast “Our Boris”. His books also include the biography of Novak Djokovic (“A Lifetime in War”). In August 2023, Müksch started the podcast “Playing Dirty” – True Crime meets Sport with Lena Cassel.
Why did Boris Becker pay 450,000 euros to the insolvency administrator?
For Boris Becker it is the opportunity to finally close the chapter of personal insolvency. He then largely leaves the topic off the table. What should not be ignored, however, is that it has nothing to do with his suspended sentence. This will continue until the end of the year. This makes it difficult or even impossible for him to enter many countries. Such as in Australia, the USA or of course Great Britain.
Why could the insolvency administrator have agreed to the deal with Becker?
This gives the insolvency administrator a chance to at least get some money. Although 450,000 euros initially sounds relatively large, compared to the total amount owed by creditors, the current one-off payment is meager. However, it would have been very difficult for the insolvency administrator to get Boris’s money. He would have had to work very closely with the authorities, for example or in Italy (where Boris currently lives). He would have had to apply for administrative assistance and lengthy international proceedings would have been initiated. The saying: “It’s better to have a sparrow in your hand than a pigeon on a roof” probably applies best here.
Podcast “Playing Dirty – Sports & Crime” by Daniel Müksch and Lena Cassel (advertisement)
Sport meets true crime. In PLAYING DIRTY – Sport and Crime, sports journalist and presenter Lena Cassel and sports journalist Daniel Müksch dedicate themselves to cases in which the world of sport, top athletes, victories and triumphs meets the world of crime, abysses and offenses.
Is Boris Becker debt-free after the end of the insolvency proceedings?
Yes, Boris is debt-free with the end of the insolvency proceedings. Only some economic restrictions – already described – remain in place for him in Great Britain.
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How should the deal between Boris Becker and the insolvency administrator be assessed?
It’s the easiest solution for him to end the chapter like that, and of course it makes sense from his point of view. He has good jobs again as a testimonial and as a TV expert and the €450,000 shouldn’t hurt him much. But morally I see problems here. Boris Becker has once again chosen the easiest solution for him. Just take it – he would have said: A court has found legitimate claims against me. I want to settle these claims and pay everything back so that I can be at peace with myself again.
But he didn’t do that. One must not forget: He does not pay by far the largest part of the claims against him. He has only been released from prison because there is a program with which the British justice system wants to relieve the overcrowded prisons on the island. All in all, not very gentlemanly, I have to say.
Frequently asked questions on this topic
Did the end of the collaboration between Boris Becker and Holger Rune come as a surprise?
No not really. What surprised me most was the timing. I thought that both of them could last a little longer together. But after the withdrawal of …
Daniel Müksch
Worked as an author for FOCUS, Playboy and Bunte, among others, and was a sports editor at Münchner Merkur and tz
Was Becker’s statement convincing him to withdraw?
No. Or rather: Becker leaves out what is crucial. He justifies his withdrawal with too many other commitments that do not allow him to spend as much time as necessary with Holger Rune as a coach. What Becker doesn’t mention, however: …
Daniel Müksch
Worked as an author for FOCUS, Playboy and Bunte, among others, and was a sports editor at Münchner Merkur and tz
What can happen next for Boris Becker?
Boris will certainly continue to work as a TV expert in Germany and Italy, his current adopted homeland. In order to be able to get really close to a top player as a coach, he will have to wait at least until the end of 2024. Only then …
Daniel Müksch
Worked as an author for FOCUS, Playboy and Bunte, among others, and was a sports editor at Münchner Merkur and tz
What’s next for Holger Rune?
Holger Rune has to completely reposition himself. Many observers are critical of the role of his mother Ankere. She has a very big influence on her son. Possibly too big. If we deduct Mama Aneke and Becker’s previous conviction, the…
Daniel Müksch
Worked as an author for FOCUS, Playboy and Bunte, among others, and was a sports editor at Münchner Merkur and tz
This text comes from an expert from the FOCUS online EXPERTS Circle. Our experts have a high level of specialist knowledge in their subject area and are not part of the editorial team. Learn more.
2024-02-29 12:28:00
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