Abstract
Abstract : In South Africa, the salaries of professional soccer players have increased to a level where players can remain in the country and still become financially wealthy as opposed to the 1990s and early 2000s where players would have to play in various leagues across the world to earn these types of salaries. However, there are challenges in how professional soccer players in South Africa manage their finances. Many of them face bankruptcy after they retire from playing. Literature has shown a high number of reported cases of bankruptcy among retired professional soccer players globally. This research sought to understand the factors that contributes to professional soccer players in South Africa going bankrupt after they retire from their soccer careers. The research approach entailed conducting semi-structured interviews with current and retired soccer players. This dilemma does not seem to confront other sports codes. Cricket and rugby professional sport participants from South Africa were also interviewed with the aim of understanding why they have a significantly reduced number of reported bankruptcy cases of sports professionals after retirement. This study considered four main themes in an attempt to achieve its research objectives
M.Com. (Business Management)