Lawrence Dallaglio, the former captain of the England rugby team, sold his 2003 World Cup winner's medal at an auction for a hammer price of £54,000. The auction, held at Budds auction house in Wellingborough, Northamptonshire, raised a total of £100,500 from 12 items, although ten other pieces of memorabilia did not sell. Other items sold included his 2003 Six Nations winner's medal for £7,500, his 2003-04 Champions Cup victory medal for £4,400, and his 2007 World Cup runner-up medal for £5,000.
The sale of the World Cup medal fell short of its estimated value of £50,000-£80,000. Dallaglio was declared insolvent last year following his divorce from Alice Dallaglio after nearly 20 years of marriage, which led to accusations of excessive spending. He was compelled to sell their family home for £2.4 million in May after initially listing it for £3.3 million.
The day after the sale, Dallaglio was declared bankrupt and was ordered to surrender his share of the proceeds to address an overdrawn director's loan exceeding £366,500. Bankruptcy restrictions typically last for 12 months in England and Wales but can be extended by a judge. Dallaglio's restrictions were extended in May for an additional three months until August 7.
The Insolvency Register indicates that Dallaglio's discharge from bankruptcy has been suspended until August 31 of the following year. A hearing originally scheduled for Friday has been postponed and may occur next spring.
Reports have surfaced alleging that Dallaglio continued to spend heavily, leaving little to cover his debts. Monthly expenditures reportedly included £1,000 on clothing and footwear, £1,000 on travel, £800 on groceries, and £500 on alcohol. Despite earning approximately £200,000 between August and January, he reportedly spent all of it without allocating funds for taxes or his divorce settlement.
High Court documents reveal that trustees of Dallaglio's bankruptcy accused him of being largely uncooperative, suggesting there was evidence of an undisclosed bank account. These allegations arose after an application by joint-trustee Nick Parsk to implement an Income Payments Order (IPO) against Dallaglio, which would require him to pay a portion of his surplus income to help repay creditors.
Dallaglio has contested many of these claims, asserting that he has made significant efforts to cooperate with the trustee and has not attempted to conceal assets. He attributed some of his engagement issues to the death of his father, for whom he was the primary caregiver. His lawyer has stated that several allegations are strongly disputed by Dallaglio.
Documents from December indicated that Dallaglio owed an additional £423,570 in overdrawn director's loans related to his failed sports company, Lawrence Dallaglio Ltd. He also owed over £60,000 to liquidators more than two years after their appointment, along with claims totaling approximately £350,000 and £61,000 from HM Revenue & Customs and other creditors.