Overview

• A BBC Two film airing tonight spotlights the V11 group of 11 retired players who say tens of millions were lost, with media reports suggesting as many as 200 footballers were affected.
• The players invested in Kingsbridge Asset Management’s film-finance and property schemes in the 1990s and 2000s, which HMRC later challenged, leaving many with tax demands reportedly averaging more than £1 million.
• City of London Police made arrests in 2018 but ended their investigation citing insufficient evidence for prosecution, and no Kingsbridge staff have been charged.
• Individual testimonies include Danny Murphy estimating about £5 million in losses, Rod Wallace’s 2024 bankruptcy and eviction, and Oxford United coach Craig Short receiving a £1.6 million tax demand and a visit from bailiffs at his training ground.
• Reporting highlights potential conflicts in a Spanish property deal linked to Kingsbridge principals, while founders David McKee and Kevin McMenamin deny wrongdoing and attribute losses to HMRC policy changes and the 2008 property crash.