Dwight Yorke ‘faces bankruptcy as his company’s assets plummet to £2’ weeks after ex Katie Price faces financial woes

Jennifer ruby
Financial woes: Dwight York faces bankruptcy weeks after ex Katie Price: Rex Features

Former footballer Dwight Yorke is reportedly facing financial woes just weeks after ex-girlfriend Katie Price was taken to bankruptcy court.

The ex-Manchester United player will reportedly be the subject of an insolvency hearing in London today, according to The Sun.

Yorke is thought to have sold his £2.25 million Cheshire mansion that he once shared with Price after his company assets plummeted to just £2.

A source told the publication: “Dwight's been desperately trying to get his finances back on track over the past year as his company's assets dwindled to just £2.”

Back on track? Katie Price has been given three months (Tabatha Fireman/Getty Images)

“He even sold the Cheshire mansion he used to share with Katie. He got £2.25million last year but that clearly hasn't helped.”

The insider added: “When you think of how successful Dwight was as a player, it is really quite difficult to believe it has come to this.”

Yorke is the father of Price’s 16-year-old son Harvey. He initially disputed paternity but he was proven to be the father after a DNA test was carried out.

Price avoided being declared bankrupt after a High Court hearing over her finances was adjourned for nearly three months at the beginning of August.

A judge at the Rolls Building in central London agreed to put off a hearing while the ex-glamour model tries to reach an agreement with her creditors.

Price was once estimated to be worth £45 million and has reportedly been fighting against bankruptcy for the last few months following the breakdown of her third marriage and the collapse of her clothing company, KP Boutique.

A representative for the reality TV star said: “Katie is aware of the hearing and is working with her advisers to resolve her current financial issues.

“She hopes to be in a position to do so and reach agreement with her creditors.