Australia news July 17, 2012

Hollioake estimates debts at $22m

ESPNcricinfo staff

Adam Hollioake, the former England captain, has appeared in an Australian court over debts estimated at A$23m ($22m) after the property development company that he ran in Perth with his father, John, after retiring from cricket went bankrupt.

Hollioake, whose company has been declared bankrupt, has appeared in court to answer questions about his financial affairs and to confirm how much money he owes to about 40 creditors, including another England captain, his Surrey and England team-mate Alec Stewart.

Hollioake, 40, told the Daily Mail that he was a victim of the financial crisis, saying: "Alec understands the position I got myself into, as do the other creditors, apart from one who is determined to stamp me into the ground.

"What happened was mostly out of my hands, although I accept that I did not apply the same professionalism in my business affairs as I did in my cricket.

"There have been claims that I've ripped people off, run away with their money, got it all tucked away, secretly loaded myself up. The truth is, I've been left with nothing. Nothing, that is, except the devotion of my wife, Sherryn, and the love of my kids.

"When we married I was captain of England, good looking, plenty of money, not a care in the world. Now she is married to a fat old guy, not good looking any more, and no money."

Comments