Bjorn Borg’s elegant seaside home in Stockholm...
Bjorn Borg’s elegant seaside home in Stockholm will be seized and sold at auction if he doesn’t pay a $1.1-million debt owed by his former business partner, Lars Skarke, court officials said.
Bailiffs visited Borg’s home in a Stockholm suburb to assess its value. “They were not let in because nobody was home,” said Bjorn Edgren, a senior court official.
Borg was given an extension until July 20 to pay the debt. “Then we can use a locksmith,” Edgren said.
The debt owed by Skarke was personally guaranteed by the former tennis star. Skarke was managing director of Borg’s clothing company, which collapsed last year.
Borg’s lawyer, Henning Sjostrom, said the debt payment was being arranged from Italy but has been delayed. He said Borg planned legal action against Skarke aimed at getting the money back.
Borg also is negotiating with creditors of his failed company to pay off millions of dollars in outstanding debts.
Borg reportedly is in Italy to watch World Cup soccer action with his Italian wife, Loredana.
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