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Former England footballer John Barnes 'faces threat of bankruptcy' - two months after racking up debts of £1.5MILLION in media firm

Former Liverpool and England footballer John Barnes has been hit by another bankruptcy petition by HM Revenue & Customs, it has been reported.

Mail Sport reported in June that Barnes had accumulated debts of over £1.5million in his media firm, having been banned as company director for three-and-a-half years.

According to the Telegraph, HMRC lodged their petition at the High Court on Friday, with Barnes now facing the threat of financial ruin.

As outlined in the latest liquidators' progress report, the ex-Newcastle and Watford star owes HMRC £776,878 in unpaid VAT, NI and PAYE, £461,849 to unsecured creditors, a £226,000 directors loan and liquidator's costs worth £56,535.