Jamie Carragher has reportedly avoided being declared bankrupt after becoming embroiled in a tax dispute involving a bill said to be worth as much as £800,000.
The former Liverpool and England defender was the subject of a bankruptcy petition filed by HM Revenue and Customs at the High Court in London.
Carragher’s representatives have insisted that the matter is being settled and is not expected to progress any further.
The 48-year-old had faced the possibility of being declared bankrupt if the financial issue remained unresolved.
The precise value of the alleged unpaid bill has not been officially confirmed, although reports have placed the figure between £700,000 and £800,000.
Carragher has become one of the most prominent football pundits in Britain since bringing his playing career to an end in 2013.
He is a major part of Sky Sports’ Premier League coverage and regularly appears alongside Gary Neville on Monday Night Football.
Carragher has also developed a significant international profile through his work covering the Champions League for American broadcaster CBS Sports.
His media commitments are thought to earn him more than £1million annually, while he also features across several podcast and online football programmes.
The Liverpool legend is a regular contributor to Stick to Football, which forms part of Neville’s successful Overlap media business.
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Carragher is also involved in a number of companies, having pursued several business interests since retiring from professional football.
His spokesman confirmed that action was being taken to bring the tax dispute to a conclusion.
“This is a private tax matter that should have been resolved sooner, and the appropriate steps are being taken today to settle it,” the representative told City AM.
“It is understood that the matter will not proceed any further and will be resolved imminently.”
HMRC declined to discuss the specific details of Carragher’s financial affairs.
However, the government department stressed that seeking to have an individual declared bankrupt was not its preferred method of recovering unpaid tax.
“We take a supportive approach to dealing with customers who have tax debts and do everything we can to help those who engage with us to get out of debt, such as offering instalment plans,” HMRC said.
“We only petition for bankruptcy as a last resort.”
A bankruptcy petition is a formal request asking a court to declare an individual bankrupt and is not, by itself, a bankruptcy order.
Carragher spent his entire senior playing career at Liverpool, making 737 appearances for his boyhood club.
He won the Champions League in 2005 and also collected two FA Cups, three League Cups and the UEFA Cup during 17 years in the first team.
Carragher earned 38 England caps and featured at the 2006 and 2010 World Cups before retiring from international football.
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