Lawrence Dallaglio's estranged wife puts £2.7m home up for sale to save him from bankruptcy
Lawrence Dallaglio's estranged wife puts £2.7m home up for sale to save him from bankruptcy
Lawrence Dallaglio's wife, Alice, is attempting to prevent the former England Rugby Union star from going bankrupt by trying to sell their £2.7million home in Richmond
Alice Dallaglio is trying to prevent her husband, Lawrence Dallaglio, from bankruptcy
(Image:)
Lawrence Dallaglio's wife is trying to sell the couple's £2.7million home in order to prevent her husband from going bankrupt.
As per Telegraph Sport, Alice Dallaglio sought a validation order from the High Court on Friday, to allow for the immediate sale of the property in Richmond which she shared with the former England Rugby Union star for almost 25 years. It comes as the couple, who have been married for 20 years, are currently going through divorce proceedings.
Lawrence is faced with the prospect of a bankruptcy order which was raised during an Insolvency and Companies Court hearing on Tuesday.
The 52-year-old only escaped financial awe two years ago by paying off debts which included £700,000 in unpaid taxes.
The former flanker was the subject of a bankruptcy petition from HM Revenue and Customs before it was withdrawn in 2023 after reaching an individual voluntary agreement.
Alice was represented at the hearing by Craig Parrett, a director at Isadore Goldman, who told the court: "The completion of the property's set for tomorrow and all the parties are keen to ensure that completion can proceed for the benefit of the first respondent's [Dallaglio's] creditors."
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While Parrett noted that the sale price of the home was around £2.7m, he explained that the equity in the home was only around £1.2m – with the sale price seemingly reflecting on the urgency of cashing in.
Parrett added: "If a bankruptcy order is made, the net sale proceeds will be provided to a trustee. If the bankruptcy order is not made, they'll be provided to the IVA supervisor."
ICC judge Stephen Baister told Parrett that the application would be prioritised with minor adjustments, explaining: "Get it in quickly enough.
"I'm sitting in the afternoon and I'll certainly get it done." It is reported that the order was granted.
Lawrence Dallaglio could face bankruptcy
(Image: Getty Images )
It emerged in February that the couple, who have three children in Enzo, Ella, and Josie, were filing for divorce. Both attended Central Family Court in Holborn to attempt to finalise a divorce settlement.
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Considered to be one of the greats of English rugby after winning four Six Nations titles, five Triple Crowns and a World Cup, Lawrence spent the entirety of his 18-year career with Wasps.
Since retiring at the end of the 2008 season, Dallaglio has engaged in charity work and took part in a series of cycling events.
In 2018, he also hosted the inaugural Dallaglio Cycle Slam, which has since gone on to become an annual event to raise money for excluded youth in need of support.
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