Most Popular Sports
All Sports
Show All

Greg Rutherford ‘left feeling sick’ by ex-manager who stole £48k to fund gambling habit

Tom Bennett

Updated 07/03/2017 at 11:45 GMT

Greg Rutherford was “left feeling sick” when it was revealed that his former agent had syphoned off £48,000 of his money to fund a gambling habit.

Britain's Greg Rutherford celebrates

Image credit: Reuters

The 2012 London Olympic Champion employed agent Gab Stone to organise his commercial deals from 2009 and was left facing “severe financial pressure” when over £48,000 was lost to a supposedly poor investment.
But an audit revealed that the 34-year-old agent had in fact lost the money on gambling – a charge that he initially denied, but pleaded guilty to shortly before a trial was set to begin.
Stone was sentenced to 18 months in prison on Monday and Judge John Hillen at Blackfriars said:
People in and out of the public eye rely upon companies such as yours to supply management so they can concentrate on their profession or their talent. What you did was to take advantage of Greg Rutherford’s trust for your own addictive pleasure – a gambling habit which you had addressed in the past but which resurfaced. You lied to him, because what you were doing was to repeatedly betray the trust he had placed in you, by getting your finances into such a state you were spending money on gambling which should have been spent on your business and paying him what was owed to him. You told him he had made a bad investment and that had resulted in him losing £40,000.
Gymnast Louis Smith and boxer Nicola Adams are among Stone’s clients, and the agent was supported by a number of letters of support, while his defence attorney said that the 34-year-old “knows he has demons but is doing everything he can to face them down.”
picture

Athlete Greg Rutherford holds his long jump gold medal during a parade as it passes St Paul's Cathedral in the City of London

Image credit: Reuters

But Rutherford was placed under financial strain by the incident - and consistent late payments from his then manager - as he attempted to balance his personal life and funding his training.
The 30-year-old, who picked up bronze medal at the Rio Olympics to go alongside his gold from London, was left “feeling sick” by the incident, Judge Hillen said:
Mr Rutherford, in his victim impact statement, stated the thought of someone responsible for a huge part of his life and work, someone who he put trust in to handle a major source of income, was in fact being dishonest just left him feeling sick. He talked of the stress on him and his family because of the financial consequences, not least being potentially liable for income tax on money he had never received, and the need to keep funding training under severe financial pressures resulting from your dishonesty.
Rutherford will look to add to his haul of major championship long jump titles at the World Championships in London this August, having previously picked up the aforementioned Olympic medals, plus golds at the 2015 Beijing Worlds, the 2014 and 2016 European Championships and the 2014 Commonwealth Games.
Join 3M+ users on app
Stay up to date with the latest news, results and live sports
Download
Related Topics
Share this article
Advertisement
Advertisement