Many sports stars earn good money whilst they are competing, but compared to most other professions, their careers are short lived. This is why they look for investments that will help them financially when they retire. Amongst the investments ex-sports personalities choose is investing in buy to let properties.
In a recent interview in the Daily Mail, former champion sprinter, Linford Christie, said that many athletes earn around £20,000 a year, but those with sponsorship deals can earn considerably more. When they retire, they do not have a guaranteed job or income. Therefore, they look for business investments to help them financially after they retire from their sport. Linford Christie has stocks and shares, but also owns several properties including a buy to let house.
Robbie Fowler, the ex-Liverpool, Leeds United and Manchester City footballer has operated a successful property business for a number of years. He runs the Property Academy, a training organisation that teaches other investors how to make money in the property business. The Property Academy runs workshops and courses that teach the best strategies for property investing.
Former footballer, Andy Cole also has a property portfolio. He told the Daily Telegraph that:
“you cannot go wrong with investing in bricks and mortar.”
You don’t need to be a sports star to invest in the buy to let property market. With commercial mortgages offered at low interest rates, there may be many buy to let investment opportunities available to suit your circumstances.