ladbible homepage
ladbible homepage
  • iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • SPORTbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • FOODbible
  • UNILAD Tech
Man who gave wedge of £10m lottery win to ex-wife lost it all in 10 years
Home>Community
Published 11:01 16 Jan 2023 GMT

Man who gave wedge of £10m lottery win to ex-wife lost it all in 10 years

This is a rags to riches then back to rags story

Daisy Phillipson

Daisy Phillipson

google discoverFollow us on Google Discover

A man who gave away a wedge of his £10 million National Lottery win to his ex-wife has been left with nothing.

John McGuinness is a true rags to riches and then back to rags story, having started out his 30s earning just £150 a week as a hospital porter while living at his parents' house.

However, his life would change forever in 1996 when he bagged an eye-watering £10,055,900 jackpot and became Scotland's biggest ever lottery winner.

Advert

For a while, it seemed John was on top of the world.

He soon started splashing the cash, spending £140,000 on a Ferrari Modena Spyder, £500,000 on a house in Majorca and £1.3 million on a mansion in South Lanarkshire.

While these are pretty wise investments, John's venture into the world of football would lead to his unfortunate downfall.

A couple of years after his win, the footy fan decided to put money into Livingston FC - and we're not talking about small change here.

John ploughed around £4 million into the club, only for it to go into administration in 2004.

And since he had agreed to be liable for the bank loans, it meant that he picked up the debt when the team went under.

John in front of his South Lanarkshire home.
Trinity Mirror/Mirrorpix/Alamy Stock Photo

The lotto winner took the case to court, claiming he was duped by his former business partner and Livingston's ex-director, Dominic Keane, into making the investment.

Keane was accused of fraudulently securing £2.3 million in loans, overdrafts and guarantees, claiming there was a partnership between himself, John and business tycoon William Haughey.

But eventually John lost the case and he was left to pick up the pieces.

Alongside the Livingston debt, he was said to have given away £3 million of his winnings to family members, including £750,000 to his ex-wife.

In 2009, John revealed that he was struggling to make ends meet, telling the Daily Record: "I know in the eyes of the law nobody is to blame for me losing my money... but I know who I blame.

"I gave my money to Dominic Keane and now it's all gone and I've got nothing - someone must have taken it.

"If I had never met him, I'd still be sitting with about £5 million in the bank and I would have been quite happy enjoying a brilliant life.

He gave a wedge of cash to his ex-wife.
Trinity Mirror/Mirrorpix/Alamy Stock Photo

"I had the Ferraris, the designer wardrobe and the luxury holidays, I had everything I had ever dreamed about and more.

"Now I'm worried about how to pay for the shopping.

"The cars are all gone, the holidays are memories - everything disappeared with that one phone call from my mate."

John was eventually declared bankrupt, with his story proving to be yet another cautionary tale of the lottery winners' curse.

"The hardest part is knowing it wasn't my fault. It would have been easier to start again if I'd known I was the culprit," he explained.

"I might be an idiot but it wasn't all me. I gave money to a guy who I trusted and he made it all disappear.

"I don't regret winning the lottery for a second. My only regret is meeting Dominic Keane."

Featured Image Credit: Trinity Mirror/Mirrorpix/Alamy Stock Photo

Topics: National Lottery, Money, UK News

Daisy Phillipson
Daisy Phillipson

Daisy graduated from Kingston University with a degree in Magazine Journalism, writing a thesis on the move from print to digital publishing. Continuing this theme, she has written for a range of online publications including Digital Spy and Little White Lies, with a particular passion for TV and film. Contact her on [email protected]

X

@DaisyWebb77

Recommended reads

People are torn over viral red button vs blue button debate and what you choose says a lot about youGetty StockUK Government issues statement as two Brits self-isolating in UK after leaving hantavirus-infected cruiseAP Photo/Misper ApawuPrivate investigator shares 'weird' habit most unfaithful men doTikTok/@venusinvestigationsDonald Trump’s former lawyer turns against him as he calls for never-before-used law that would remove presidentRoberto Schmidt/Getty Images

Advert

Choose your content:

8 days ago
9 days ago
11 days ago
  • Instagram/@no_limbs_
    8 days ago

    Woman with no limbs hits back at hate after answering question ‘everyone wants to know’ with husband

    Briel Adams-Wheatley said the days of her 'crying over comments' left by trolls are long behind her

    Community
  • Instagram/Lily Phillips
    9 days ago

    Lily Phillips' boyfriend has content boundary she can never cross after 101 men in a day challenge

    The 24-year-old OnlyFans star says her new boyfriend loves her 'not because' of her job and even left her a gift after a controversial shoot

    Community
  • Getty Stock Images
    11 days ago

    Eight signs your marriage is over including fantasy ‘all women have’

    Relationship expert Annalie Howling has seen many relationships come and go, which is why she knows how they end

    Community
  • LinkedIn
    11 days ago

    Multimillionaire forced to pay ex-wife £100 million after second life reveal

    Mikhail Kroupeev and Elena Kroupeeva married in 1988 and were together for 35 years

    Community
  • Man who won £10 million on lottery was back to old job in eight years after blowing entire fortune
  • £9.7m lottery winner Michael Carroll suffers tragedy as sister he gave £1 million dies
  • Man thought he'd won £11 million on lottery only to be told he'd be getting nothing
  • UK's youngest lottery winner went on to have tragic story after winning £1.8 million