Mark Philippousis Facing Financial Collapse

mark-philippoussisFormer Australian tennis star Mark Philippoussis is currently facing financial collapse as he is unable to pay his mortgage on his Williamstown home in bayside Melbourne.

Philippoussis earned more than $8 million dollars on court over the years, but is now being sued for failing to pay the mortgage and not just for a small amount, for about $1.3 million.

“Money came in left, right and centre; you just thought that’s how it was for everyone and that’s how it will always be,” he said.

“It’s the toughest time of my life right now, but it’s also the best time because I’ve woken up to so many things in my life.

“When I get back up from this I’ll appreciate so many things so much more. I’ve fallen down and I’ll get back up. This is how it is. It’s life.”

Tags: australia bankrupt davis cup debt mark philippoussis player

2 Comments

  1. Stephanie Knight-Compton says:
    May 4, 2011 at 8:24 am

    I am watching you in your most excellent gamei n Arizona (vs. M. Chang), I have no dought in your success! I’m am right out of Memphis,TN USA. I am experiencing trying times here as well, with the Mississippi River rising and all the other of life’s humbling experiences. Keep POSITIVE and stay STRONG!! You will soon have the bull by the horns in no time my friend!

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Author: The Insider

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Steven has been playing at a high level in tennis since the age of 14. He has played numerous world junior events as well as Futures and Satellite events on the ITF Tours. Additionally, Steven has played a lot of club tennis in France and Germany. As well as playing at a very high level Steven has also been coaching tennis since the age of 16. Thus, bringing real hands on knowledge to The Tennis Times.