Ex-Liverpool star urges British PM to take action after falling victim to 'fraud' scheme

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Top footballers are demanding a VAR-style review of the millions they owe in tax penalties. We are unable to move on or rebuild our lives." The letter followed the launch of the V11 Foundation in Parliament, at which players told how they were manipulated into failed investments that left them owing millions in tax penalties to HMRC.

Some claim the Government's tax operation lacks the capability or will to pursue the real criminals behind such schemes. These young men were exploited by those they trusted to look after their money." Murphy, 48, now a pundit for the BBC and TalkSport who claims he has lost £5 million ($6.7M) alone, said: "I couldn't think of a more brilliant place than a football club to find victims." Andy Cole is part of the V11 Foundation alongside Murphy (Image: Tom Dulat, Getty Images for Premier League) He explained how players would turn to teammates or managers for financial guidance, only to find themselves connected with exploitative advisers.

Years later, HMRC retrospectively reclassified the arrangements as tax avoidance, issuing bills totalling millions. However, HMRC has continued to pursue its tax liabilities.