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BBC football pundit and ex-England star Alan Shearer is still owed more than £230,000

BBC football pundit and ex-England star Alan Shearer is still owed more than £230,000 after he sued his financial adviser for ‘negligent’ advice, High Court hears

  • The ex-Newcastle striker struck a confidential settlement with Kevin Neal in 2017
  • Shearer had launched a £9million damages claim against ‘careless’ Mr Neal 
  • Lawyers told a virtual hearing the ex- footballer is still waiting for £233,000

England legend Alan Shearer is still owed more than £230,000 by a ‘negligent’ financial adviser he claims cost him millions, the High Court heard today.

The ex-Newcastle striker, who is now a BBC pundit, struck a confidential settlement with Kevin Neal in 2017 before his £9million damages claim was due to go to trial. 

Shearer accused Mr Neal of offering lousy investment advice – believed to relate to a £4million pension – and branded him ‘careless’ and ‘dishonest’. 

Lawyers acting for Shearer told a virtual hearing that the former footballer is still waiting to be paid £233,000.

England legend Alan Shearer is still owed more than £230,000 by a ‘negligent’ financial adviser he claims cost him millions, the High Court heard today

The ex-Newcastle striker (pictured in 2017 arriving at the High Court), who is now a BBC pundit, struck a confidential settlement with Kevin Neal in 2017 before a £9million damages claim was due to go to trial.

The ex-Newcastle striker (pictured in 2017 arriving at the High Court), who is now a BBC pundit, struck a confidential settlement with Kevin Neal in 2017 before a £9million damages claim was due to go to trial.

Judge Master Richard Davison made an order which will allow Shearer to take money he is owed from a bank account belonging to Mr Neal.  

Barrister Robert Avis said Mr Neal had not resisted the making of such an order.

In October, Mr Neal had been questioned about his finances at another High Court hearing.

Mr Neal, who described himself as a self-employed business development consultant, accepted he owed £200,000 but said he could not pay.

A barrister representing Shearer had questioned Mr Neal about his finances and suggested it was ‘more a question of will not pay’ than could not pay.

Shearer, 50, from Newcastle, who is now a football pundit on Match Of The Day, was not at Wednesday’s hearing.

He stopped playing in the top flight more than a decade ago, after making over 600 appearances and winning more than 60 England caps in a career spanning 18 years.

Shearer, 50, from Newcastle, stopped playing in the top flight more than a decade ago, after making over 600 appearances and winning more than 60 England caps in a career spanning 18 years (pictured in 2003 playing for Newcastle)

Shearer, 50, from Newcastle, stopped playing in the top flight more than a decade ago, after making over 600 appearances and winning more than 60 England caps in a career spanning 18 years (pictured in 2003 playing for Newcastle)

Wednesday’s hearing was the latest in a number staged following the curtailment of the 2017 trial.

A lawyer representing Shearer had announced the settlement shortly before the former footballer was due to give evidence at the trial at the High Court in London.

Lawyers had indicated the case centred on a pension worth around £4million. 

Mr Neal had disputed Shearer’s allegations and had told a judge that the claims were ‘driven by pure greed and ego’.

The former footballer had also sued pension specialist Suffolk Life, claiming it breached fiduciary and regulatory duties.

Suffolk Life disputed his claim and that case was also settled. A Suffolk Life spokeswoman said the case was settled on ‘mutually satisfactory terms and with no admission of liability’.

Read more at DailyMail.co.uk


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