I won £10M on the lottery and gave a fortune to ex-wife… now I’m skint – but I know the REAL reason why I lost my cash
A LOTTERY winner lost all of his £10million fortune - after giving cash to his ex-wife and his football team.
John McGuinness gave £750,000 to his ex but lost the rest of his money after putting it into bad investments.
But it was one particular investment that cost him in particular.
The die-hard Livingston FC fan's fortunes were left in tatters when he used his sudden wealth as a guarantee against the club's loans.
It meant that he was liable for all of the football club's debts.
He had put £4million into Livingstone before it went into administration.
READ MORE LOTTO
And he lost millions in a venture to buy Livingston with former Celtic director Dominic Keane.
John was working as a hospital porter when he won £10million in 1997.
He lived with his parents in a council house at the time and earned £150 a week.
After the win, he spent more than £3million on close family members, swapped his Vauxhall Astra for a £140,000 Ferrari Modena Spyder and bought a £500,000 seafront apartment in Majorca.
At one stage he had six cars on his driveway, including a Bentley, Mercedes, Jaguar and BMW.
And he bought a £1.3million mansion in Bothwell, South Lanarkshire, which he moved into with his wife Sandra and family.
He moved to another mansion just 20ft away in 2004 for he could fit a snooker table in.
After losing all his money he blamed former business partner Dominic Keane because he encouraged him to invest in Livingston FC.