Multi-Million Pound Business Sale Leaves Businessman Crippled in Debt – World News Report

Jonny Cooper

Jonny Cooper Marketing

SUTTON COLDFIELD, UNITED KINGDOM, December 18, 2020 /EINPresswire.com/ — Things don’t always turn out the way you’d expect them to, and even when ink has dried on a contract, there will still be twists of fate waiting to turn things on their head. Business coach Jonny Cooper knows this better than most, having once sold an eight-figure business to a PLC in a deal that, quite unexpectedly, left him crippled with debt. Initially, the deal promised him a multi-million pound pay-out. But, when the company he sold to went out of business just 18 months after signing, he ended up receiving only a fraction of the money. While several years of significant financial strain followed, he has since been able to pick himself back up and start again, and can now talk openly about his experience and the mistakes he made.

In the meantime, though, he had to declare bankruptcy, after the costs of living as a millionaire before he had actually become one mounted. You see, the deal Jonny had signed would see him paid in stages and looked set to bring his days of hard work to an end. So, knowing how much he was due to get, he moved in to a £1.2 million house and was driving a Ferrari and a Maserati. This meant that, when the money very suddenly dried up, he was left deep in debt.

“It was all…

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Jonny Cooper

Jonny Cooper Marketing

SUTTON COLDFIELD, UNITED KINGDOM, December 18, 2020 /EINPresswire.com/ — Things don’t always turn out the way you’d expect them to, and even when ink has dried on a contract, there will still be twists of fate waiting to turn things on their head. Business coach Jonny Cooper knows this better than most, having once sold an eight-figure business to a PLC in a deal that, quite unexpectedly, left him crippled with debt. Initially, the deal promised him a multi-million pound pay-out. But, when the company he sold to went out of business just 18 months after signing, he ended up receiving only a fraction of the money. While several years of significant financial strain followed, he has since been able to pick himself back up and start again, and can now talk openly about his experience and the mistakes he made.

In the meantime, though, he had to declare bankruptcy, after the costs of living as a millionaire before he had actually become one mounted. You see, the deal Jonny had signed would see him paid in stages and looked set to bring his days of hard work to an end. So, knowing how much he was due to get, he moved in to a £1.2 million house and was driving a Ferrari and a Maserati. This meant that, when the money very suddenly dried up, he was left deep in debt.

“It was all…

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