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What is Paul Gascoigne’s net worth in 2021?

When George Best was asked what he did with all his money, he joked, “I spent a lot of money on booze, birds and fast cars. The rest I just squandered.” The sad truth about Paul Gascoigne is that he did the same in an era when players began to earn per week what some of us mortals earn in a year. In 1992, Gazza earned £22,000 a week playing for Lazio. When his career began to unwind, and he found himself in the Scottish Premier Division, he was still in the money thanks to a £15,000 a week contract. He really should be a millionaire at least, but his net worth’s nowhere near that.

    Image by Anything Goes With James English - Wikimedia Commons

Mental illness

Gazza was first admitted to the Priory Hospital after drinking 32 shots of whisky in October 1998. Thankfully, his manager Bryan Robson signed him in while he was still unconscious. Although he was meant to stay for at least 28 days, he signed himself out after two weeks — a clear sign of an addict unable to control his addiction and unwilling to ask for help. By 2001, when he was with Everton in the Premier League, he needed more help. As before, Gazza needed help, and during a stay at a clinic in Arizona, he was diagnosed with bipolar disorder. Things got worse for the ex-Tottenham man. By 2008, he was sectioned under the Mental Health Act following an incident in a Newcastle hotel.

Legal troubles

A couple of years after being sectioned, Gazza got into trouble with the law. He was arrested following a disturbance outside a takeaway in February 2010. A month after that, he was charged with drunk driving, driving without insurance and driving without a licence. In October of the same year, he was caught drunk driving. He got off with a warning, but a day after being cautioned by police, he was arrested for possession of cocaine. In 2013, he was arrested again. This time he assaulted a railway security guard while drunk. His fine of £1,000 and £100 compensation to the guard sounds like he got off lightly.

Alcoholism

In January 2014, Gascoigne entered rehab for alcoholism. That was the seventh time he entered rehab. This time he went to a £6,000 a month Southampton clinic. The clinic didn’t work. In October, police were called to his home following a drinking binge. He was sectioned under the Mental Health Act and admitted to hospital for three days to detox. Alcohol remained his demon, and in October 2015, he was fined for assaulting a photographer and harassing his ex-girlfriend. In December of the same year, he was hospitalised after being kicked down a staircase in a London hotel following a drunken brawl.

Football

Let’s not forget what a great player Gazza was. You can’t be capped 57 times for England if you’re rubbish. Despite the way he treated his body, he was able to play for his country at major tournaments. He played at the FIFA World Cup in 1990, where England made the semi-final, and Euro 96 when Gazza came close to scoring a golden goal that would have put his side through to the final. He won the FA Cup with Spurs in 1991, the Scottish Premier Division twice with Rangers, as well as the Scottish League Cup and the Scottish Cup during his three seasons in Scotland. Simply put, he was a great natural talent. What could he have made of his career if mental health and alcoholism hadn’t plagued his every step?

Net worth

The sad truth is that winning the FA Cup and being capped 57 times for England didn’t leave Gazza with the financial stability it should have because he wasted all of it. Estimates of his net worth put it around the £100,000 mark. When the average house price across the UK is £234,742, a 50 per cent share in a property that any married man or woman could achieve with a pretty standard job would leave you with the same net worth as this football legend.

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