A former mortgage adviser has been sold to Premier League club Aston Villa for £20m.
Tyrone Mings worked as a mortgage broker at London and Country for ten months in 2012 when he was offered a trial by Ipswich Town FC, and signed as a professional with the club at the start of 2013.
He had previously played as a youth for Southampton FC, but was released when the club cut back on the funding of its youth teams.
He then worked as a barman before training as a mortgage broker. While working as a broker in 2012 he played for Yate Town and Chippenham Town.
Mr Mings has the CEMAP Level One qualification, a standard qualification held by brokers at London and Country and other firms.
He spent three years at Ipswich before transferring to Bouremouth in 2015, where he played 17 games in three years during which time he was injured for an extended period, prior to joining Aston Villa in the Championship at the start of 2019.
Mr Mings played 15 games for Aston Villa between January 2019 and the end of the season, and when the club was promoted to the Premier League in May, they agreed to sign Mr Mings, paying Bournemouth a fee of £20m.
Mr Mings plays as a central defender.
He declined to be interviewed by FTAdviser at this time.
Mr Mings is not the only top sportsman to have had an interest in the advice market. Former Reading and Wales international footballer Simon Church has since retiring from football become an introducer and adviser to property investors.
Mr Church played for Championship football league club Reading and in the semi-finals of the 2016 European Championships semi-finals for Wales, before having to retire from professional football at the age of 29 in May.
Mr Church said he used a financial adviser throughout his career, as did many of his teammates, but said the service provided was of “limited value” because of the unique circumstances of a sportsman’s career.
The Bath and South Africa Rugby player Francois Louw has also begun training as a financial adviser and intends to complete the process of becoming a financial adviser after the rugby world cup in September.
Similarly to Mr Church Mr Louw said sports stars had very particular financial advice needs that traditional advisers are less able to understand.
Mr Louw said: "Sport is almost unique in that the financial planning needs are very different. The career could be five years or 15 years, and is unlikely to be more than that.
"And you go from earnings quite well in your twenties, to an abrupt end later, and it is about creating a sustainable income for the medium term from that."