Willie McKay had been a highly successful football agent and his roster of Premier League stars included Joey Barton, Charles N’Zogbia, Tyrone Mears, Amdy Faye, Ross McCormack, and Pascal Chimbonda. But in September 2014 he was declared bankrupt.
A football agent who had represented some of the English Premier League’s top players has gone on trial accused of buying expensive gifts for his wife while facing huge debts to the taxman as part of bankruptcy proceedings.
Willie McKay, 62, allegedly bought his wife Janis a £9,100 Rolex Datejust II watch and a £54,000 Jaguar XK5 convertible in December 2014, three months after he had been served with a bankruptcy petition while owing £902,000, Leeds Crown Court was told on Tuesday, 15 June.
McKay denies two counts of fraudulent disposal of property and his defence lawyer is likely to argue he believed he would be able to pay off his debts using commissions that were still owed to him from a variety of transfer deals.
McKay earned commissions from negotiating contracts with clubs on behalf of professional footballers.
But in June 2014 HM Revenue and Customs demanded he pay £902,128 in unpaid taxes and when he failed to make any payment a bankruptcy petition was served on him in September of the same year.
Mr Evans said that in buying the gifts for his wife he was simply seeking to put assets beyond the reach of his creditors.
The court heard McKay was finally made bankrupt in March 2015 and later signed a bankruptcy restrictions undertaking that will continue until August 2023.
Mr Evans said: “He will say, at the time he made those purchases, he genuinely believed that monies were owed to him for commissions relating to the transfer of footballers and those monies would be paid to him before his bankruptcy petition was heard and would be more than enough.”
The trial is set to last for several weeks.