Con me head
Sven 'swindled out of £10m in investments'
... and Harry's down £4m
Steve Drew/PA, James Linsell-Clark
Exclusive by Neil Ashton & Dominic Herbert
April 17, 2011
EX-ENGLAND manager Sven Goran Eriksson is suing a financial advisor who he claims fleeced him out of an astonishing £10million.
The enormous sum even dwarfs the £7.1million in payoffs the Swede has received after being sacked from three top jobs.
Sensational court documents seen by the News of the World claim Sven handed over "unlimited access" to his wealth to Samir Khan - who then blew it on dodgy investments, property and artworks.
They allege some of the money was invested in a property firm owned by Harry Redknapp - tipped by many to follow Sven into the England role.
The Spurs boss's firm subsequently lost more than £4million, accounts show.
Khan, 46, last night dismissed all the allegations as "nonsense".
And in his court rebuttal, he claims lothario Sven tried to hide the purchase of a home in plush Eaton Place, London, from then partner Nancy Dell'Ollio.
The allegations are all complete nonsense
Court papers in Khan's defence say the property was bought "as a place to entertain his various girlfriends".
But SVEN'S 79-page dossier claims Khan spent some of his fortune on luxuries including foreign holiday homes, expensive cars, helicopter rides and works of art.
It says Sven struggles to understand financial documents in English and is "not particularly interested" in finance.
KHAN counter-claims that Sven was an "astute and worldly-w*s* businessman" who was "very much motivated by the idea of making money".
And giving examples of his business acumen, the papers allege that Sven purchased the Eaton Place pad through a trust - "in order (at least in part) to conceal his ownership of the property from his then partner Ms Nancy Dell'Ollio".
A source close to Sven, now boss of Championship side Leicester City, denied Khan's claims and insisted the house had been bought in the name of the trust for family reasons.
Nancy is still locked in negotiations with Sven over a payout following their split, she said last week.
According to Eriksson, Khan proposed in 2007 they both invest in a firm owned by Redknapp that wanted to build a block of 92 luxury flats on the south coast.
"Anticipated return on their investment would be approximately £4million," says the submission. "In fact, Mr Khan's representations were false, as Mr Khan did not have any money to invest."
And, as the property market slumped, the project collapsed. Latest accounts show Redknapp's firm lost a mighty £4.2million.
The Eriksson papers also claim there were plans for a joint investment in a Barbados development, involving costs of £4.75million for land and £3million for building.
However, the dossier claims, Khan never invested. He says there was no agreement that he would personally do so.
The papers accuse Khan of "misappropriating money for a variety of improper purposes, including unsecured loans to other companies for secret profits", and "undertaking loss-making speculations on foreign currency markets".
They claim Khan "abused Eriksson's trust" by using the money invested by the Swede to acquire two new OFFICES that he did not need, pay himself generous EXPENSES, obtain a new Land Rover company CAR and buy expensive ARTWORKS and sculptures.
Khan was stopped by cops in Reading yesterday apparently for using his mobile phone while driving.
Earlier, speaking at Oxfordshire home, he denied Sven's claims. "The allegations are all complete nonsense," he said.
"No funds have been lost. Any investments are still ongoing in any case. The funds have all been accounted for."
Sven, who famously bedded Ulrika Jonsson and FA secretary Faria Alam behind Nancy's back, walked away from the England job with £3million compo after the 2006 World Cup flop.
Later he netted £2.1million from Manchester City and a further £2million from the Mexican Football Federation after managing their teams.
Last night Harry Redknapp confirmed that Eriksson and Khan had been involved with him in the proposed south-coast deal and was aware of the legal battle but declined to comment further.
Sven's spokesman also declined to comment.