Report: Allardyce faces £1.7m tax bill

Former Hammers Ian Wright and Sam Allardyce are reportedly facing huge tax bills after being stung by investment schemes.

Wright is understood to have lost £2million, while Allardyce has been left £1.7 million out of pocket, according to The Sun.

Scores of football coaches, managers, players and staff have lost up to £1billion on the schemes, with at least £100million allegedly going on plans pushed by Kingsbridge Asset Management.

Wright is reportedly ‘livid’, and considering legal action over the advice he ultimately took, although he did not invest in Kingsbridge.

Allardyce did, however, invest through the company, run by Kevin McMenamin and David McKee on Bond Street in London.

A source told The Sun: “Sam is furious. He invested in good faith.”