Carlton Cole has a net worth of $3 million through his coaching and playing career. Cole was announced bankrupt in 2018 by a court in London.
Despite being one of the highest earners in his field, Carton Cole went into a financial crisis back in 2018.
Carton Michael Goerge Cole is a former professional footballer who played as a striker. As of now, he is a football coach at West Ham United. In 2001, he started his career at Chelsea.
After training with Chelsea for years, Cole first signed a contract with the club in 2000. On April 6, 2002, he made his first team debut as a substitute and had a 3-0 win against Everton.
On February 11, 2009, Carlton was named a member of the England National Team after he made 19 appearances in England under 21.
Carlton Cole Earning Throughout His Football Career
Carlton Cole earned a total amount of $3,750,886 during his football career.
Before he served as a team coach, he was one of the key players in the England national team and was traded to West Ham at the rate of 15 million euros.
Carlton joined West ham in July 2006 and had signed a four-year contract with them.
However, From the 2013 to 2014 season, Cole earned $36,066 per week, totaling $1,875,443 as his per year earnings from the club. He had the same wages in the 2014 to 2015 season too.
In January 2010, Carlton was transferred to Manchester United, valued at 20 million euros.
After five months, Cole was again traded to Liverpool for a total fee of 15 million euros with 5 million euros as a performance-related add-on.
Cole Chose To Stay With West Ham Despite Half Pay Cut
Carlton decided to stay with West Ham even though it was declared that his salary would be cut down to 50%.
The club had to cut his salary by 50% as they lost 3-2 to Wigan Athletic at the weekend.
He had a clause written in his contract which certified that his salary would be cut in half if he failed to retain their place in the top flight.
Carlton's salary drooped down to 14,000 euros per week from 28,000 euros. It was sure that such a massive drop would persuade Cole and make him join another club.
However, he chose to stay, and later his loyalty was well rewarded after the club returned to the top after winning a game against Blackpool.
Carlton Cole Was Declared Bankrupt In 2018
Despite being one of West Ham's highest-paid players, Carlton Cole was declared bankrupt in August 2018.
The news shocked his fans and well-wishers as Cole, during the peak of his career, had managed to earn 30,000 euros a week.
A financial advice firm Quantuma brought up the case. The player was often fined many times during his career.
Once when Cole was live interacting with his fans on an app called Periscope, he was fined by his coach. In the subsequent live interaction, he mentioned he is often fined for breaking the rules many times.
The English professional player was given the verdict at London's High Court.
Later in an Interview, Carlton stated, " I hope my story will help young footballers to take responsibility for who they listen to and take advice from."