Chris Jnr vows never to squander cash like dad

CHRIS EUBANK JNR has vowed the dark memories of his dad’s bankruptcy will ensure he never squanders his hard-earned millions.

Eubank Snr amassed a fortune during his reign as a two-weight world champion during the 1980s and 90s.

But the compulsive spender blew the lot on Savile Row suits, designer shoes and flash motors.

He even flew his barber from Manchester to London every week.

But the monocled maverick was hit with a £1.3m tax bill in 2005 and later declared bankrupt.

Crazy

And although his son followed him into the family business, Eubank Jnr is determined to avoid a repeat of his father’s failings.

He said: “One hundred per cent, my dad’s bankruptcy shaped me.

“You have to learn from other people’s mistakes, especially people close to you.

“I saw how it affected him and what he had to do and what he had to put up with at that stage of his life.

“That was the last thing I wanted to happen to me. You can enjoy your life, you’ve got to have your fun, but all in moderation.

“My dad went crazy at certain times in his life with his spending. He had a great life – he still has a great life – but you’ve got to be smart with money.”

Eubank Jnr, 29, will bank another seven-figure cheque on Saturday when he takes on fellow Brit James DeGale. The super-middleweight star recently splurged £200,000 on a McLaren sports car and has an eye for designer fashion as well as lavish holidays in Dubai.

But he is confident he will not end up penniless like so many of his contemporaries.

“The sad, cold truth about this sport is that a lot of fighters are not educated or they’re ill-advised,” he added.

“They don’t have people watching their spending habits and they will blow their purses quickly on partying, drinking, girls or gambling.

“There are so many fighters I know who’ve thrown money away and it’s sad.

“The goal is to make money and put it into property where it can build over time.”

Eubank Jnr’s famous father has been conspicuous by his absence in the build-up to what could be a careerdefining fight against DeGale.

The 52-year-old began work as a police officer in America late last year and only returned earlier this month.

Long-time coach Ronnie Davies has also been sidelined and replaced by rookie trainer Nate Vasquez.

But the younger Eubank insists his dad still has a role to play.

He said: “He’s been in the States for the last few months but we’ve been in contact and talk all the time.

“Now that Nate is here I guess he feels he doesn’t need to always be around. But our relationship hasn’t changed, we’re still close.”