England boss Gareth Southgate among three former players 'owed money' after disastrous £25m deal goes wrong
England boss Gareth Southgate is 'owed money' after a property deal went wrong
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England football boss Gareth Southgate is one of several former players owed money by agent Terry Byrne, according to reports.
Byrne has been working in the sport for a number of years and has had stints operating with the likes of Chelsea and Watford.
He was also once David Beckham's personal manager, too, while he helped Pele prior to the Brazilian's death.
According to the Daily Mail, Bryne now owes money to the likes of Southgate, Joe Cole and Glenn Hoddle.
England boss Gareth Southgate is owed money by Terry Byrne
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It's alleged that he 'invested Southgate's cash without his permission' as part of a disastrous £25m property deal.
He's said to also owe money to Cole and Hoddle, as well as fees to Michelin-star chefs represented by his agent 10Ten Talent.
The report says the purchase of 'giant new offices in central London' in 2022 has left some of Byrne's businesses under threat of liquidation.
Southgate, Cole and Hoddle are all owed 'huge sums' with the company due to pay off 'significant debts to clients'.
Byrne and the England boss' relationship remains a positive one.
Yet FA sources have told the publication that their professional alliance is 'likely to end' due to the fallout from the missing cash.
Southgate appointed Byrne as his agent when he was manager of England Under21s in 2016.
He became manager of the senior side that same year, stepping in after Sam Allardyce left his post in controversial circumstances.
Byrne has worked closely with Southgate over the past seven years, negotiating three new contracts with the FA on behalf of his client.
He has earned 'large commissions' as a result of these deals.
The report says Southgate, and other former players, have spent months attempting to get their money back.
10Ten were reportedly late in making payments owed from sponsorship deals and commercial work.
Byrne, for his part, is happy to pay the money.
"We are working with the talent regarding the repayments," said the 57-year-old.
"The most important thing to me in all of this is that they are repaid fully."
Insiders close to Bryne say he was 'guilty of an error of judgement'.
They deny any suggestions that he was deliberately deceitful - and several former players are described as 'sympathetic to his plight'.
The FA have supposedly been seeking to reduce their links to the football agent for several years.
They have been working to bring all of the players' commercial work under their control.
But with Byrne grafting to pay the money back, Southgate, Cole and Hoddle could be in for a windfall.
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England boss Gareth Southgate remains on good terms with Terry Byrne despite the money he's owed
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Other 10Ten clients include Michael Carrick, who is currently the manager of Championship side Middlesbrough.
Southampton boss Russell Martin and former West Ham skipper Mark Noble are also represented by the agency.
The report says the FA and Southgate refused to comment on the report.