Previous Blackburn Rovers and Manchester Town star Colin Hendry is reportedly having to sell his £1.7m family home to pay off net betting debts.According to The Gazette, gambling firm SPREADEX has filed an insolvency petition against the previous Blackpool FC executive, who has put his West Beach home in Lytham St Annes on the market. The Bedfordshire based company has remained silent on the issue.
Hendry is now facing a battle to keep hold of his Grade II listed mansion as well as his vacation home in Nice. The previous Scotland world also allegedly owes £85,000 to previous neighbor Hector McFarlane, a claim that he doesn't contest. It is assumed that Mr McFarlane, now based in Thailand, will receive around £2,730 of the money he's owed.
The sale of the property in Lytham is predicted to raise sufficient funds to permit Mr Hendry to make an application for an Individual Voluntary Agreement, which would suggest that he could avoid full insolvency. This news follows the sad death of Mr Hendry's spouse last July, who suffered from blood poisoning after plastic surgery.
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