Brothel owner Eddie Hayson is on the brink of bankruptcy after declaring himself insolvent with $52 million in debts
Hayson, one of Australia’s biggest gamblers, claims to be down to his last $100 and “boarding” in a waterfront northern beaches apartment after offloading most of his assets. The flamboyant punter, who recently announced he was selling his famed Sydney brothel Stiletto, filed for insolvency with the Australian Financial Security Authority on August 8.
The one-time racing identity has listed 12 creditors and the amounts he owes, including the Australian Tax Office ($4.2 million), Sportsbet ($1.6 million) and former rugby league star Luke Davico ($1 million). The move means Hayson’s dwindling asset pool will be put under the microscope by insolvency firm, Jones Partners, to see how much, if any, can be recovered for creditors. An offer will be made to creditors of an amount Hayson is able to pay.