World of Football

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Nedved loses millions

Pavel Nedved, the most well-known Czech football player across the globe and the 2003 best football player of Europe,has been shining on the football field, but he turned out to be lost beyond the field as he failed his investment in his homeland.

According to the reports of Czech media, the 34-year-old former European best player has lost around 1.11 million US dollars in his first investment in his motherland, the Czech Republic.

In 2001, the “iron man” of football field wanted to demonstrated his skill in business and he invested in the flooring industry, a hot sector for the year in the Czech Republic.

To be cautious, Nedved kept a low profile on his investment in Mafloor, a Czech flooring company. However, the company had since been on the downhill path.

Czech media reported that since 2004, Mafloor had run into financial difficulty for it failed in making money on its project of building wooden cabins in France. Such project has led to around 700,000 dollars of loss, making the company on the verge of bankruptcy.

Czech media estimated that Nedved might lost around 1.11 million U.S. dollars on this investment.

Despite it is a small sum compared to an income of 11.57 million U.S. dollars Nedved earns a year in Italian club Juventus, Nedved was still a little bit frustrated and he expressed his dissatisfaction over his investment agent.

“Compared to loss of money, I’m more unhappy with behavior of some people,” Nedved told local television.Czech media said this is Nedved’s first but last investment in his homeland.

The Juventus international is famous for his iron will and he is always on the run when he plays. Nedved has played for the national team for a long time and he was considered the soul for the Czech national team.

In the qualification round for the Germany world cup in 2005, the Czech team was on the cliff and Nedved followed the call the fans cross the country and returned to the national team.Under his leadership, the Czech team defeated Norway on both home and away games, winning the last ticket to Germany.


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