Manchester United star Scott McTominay ‘set to lose nearly £1m’ after investing in collapsed lender run by his fiancée Cameron Reading’s father
Manchester United star Scott McTominay is facing losing nearly £1million after investing in a collapsed lending company run by his fiancée Cameron Reading’s father.
Fortress Partners, of which Ashley Reading is the sole active director, owes its 230 creditors a total of nearly £18million.
The company borrowed money from its investors before lending it out at a higher rate to corporate entities and one ‘high net worth individual’.
But Cameron continues to share her lavish way of life on social media despite owing the business £1.2million.
And now those who paid into the firm – including Boyzone star Shane Lynch – have been left furious as they are set to only get 10p of every pound they invested back.
‘It really rubs salt in the wound for those of us who’ve lost our life savings or face losing their homes,’ one, who had lost thousands, told The Sun on Sunday.
‘There’s another pic from Instagram of Ashley, his wife, Cam and her sister. They always seemed to be going on holiday. At one point, they were in Dubai for months and months.’
The Reading family are said to have bought luxury investment properties worth millions across the world.
Scottish midfielder McTominay leant their company £1million to buy one in Portugal – and is now only set to get £100,000 back.
Cameron – who was a director of Fortress Capital between April and June 2021 – is reported to have now sold homes in Dubai and Spain to cover her debts.
And No Matter What singer Lynch could lose £657,000 of his £730,000 investment.
In total creditors are thought to be owed £17,774,138 by the company, with administrators from Begbies Traynor saying they had recieved ‘an abundance of telephone calls and emails from the creditors who continue to express concern and frustration’.
The report continues: ‘We are aware that many of the creditors have invested their life savings and retirement funds into the Company and we sympathise with the personal impact this process is having upon them.’
They add: ‘At present, the Company has no funds.’
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