Former Manchester United manager Sir Alex Ferguson is among hundreds of investors ordered to pay back 20 times their investments in a tax avoidance scheme, per The Times (H/T the Mirror).
Several celebrities are screaming bankruptcy after officials demanded that they fork out the various sums.
Ex-England managers Glenn Hoddle and Sven-Goran Eriksson are reported to be among the 780 who invested £2.2bn into Eclipse. However, there's no evidence of any of the investors being in financial trouble, nor can it be proven that they knew how the scheme worked.
The Times claims that Eclipse went through a complex process of buying Hollywood blockbusters and then renting them to studios.
Now ordered to pay back, an investor who placed a £200k in a particular scheme would have to pay between £2bn an £4bn back within 90 days.
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