
Diego Maradona Diamond Earrings
A pair of diamond earrings belonging to Argentinean soccer sensation, Diego Maradona, was sold for $36,400 at an auction on Thursday, January 14th. The spectacular diamond earrings, whose pre-sale estimated worth amounted to approximately $8,000, were seized by the Italian government in an effort to recover the soccer star’s massive $54 million tax debt.
During his days as a player for Napoli (from 1984-1991), the Argentinean soccer legend (Europeans would call him a football legend of course) accrued a monstrous tax which Italian taxmen are slowly trying to redeem. Although he helped Napoli win its only two Series A titles, Diego Maradona neglected to pay the appropriate taxes on his earnings and in 2005 the Italian courts ruled on his million dollar balance. He obviously did find the time to go diamond jewelry shopping though…
Despite the fact that the winning bid on Maradona’s diamond earrings was nearly five times higher than the pre-sale estimate, let’s be honest: it barely makes a dent in the phenomenal debt Maradona has managed to accrue. But, apparently, Italian authorities can’t simply have the sports legend arrested since the criminal case for his tax evasion has lapsed according to Italy’s statute of limitations. Hence, Italian tax authorities have been forced to come up with more inventive ways of recovering the soccer star’s debt, like sporadic seizures of random items (like expensive diamond jewelry) that may or may not earn them money.
In this case, the Italian financial police confiscated the diamond earrings in September, 2009 when Maradona was in northern Italy undergoing treatment for weight gain and stress. But this is not the first time his assets have been seized by the authorities. In 2006, during another visit to Naples for a charity match, the Italian police seized a couple of pieces of Diego Maradona’s jewelry – two stunning Rolex watches. The authorities were lucky enough to make about $16,000 off of these jewelry items, which seems similarly insignificant when compared with his colossal debt.
According to reports, about 30 people participated in the auction which took place in the northeastern town of Bolzano, Italy. The diamond earrings were procured by an anonymous woman whose only comment was that she is satisfied with her jewelry purchase. Who knows? Maybe you’ll see Diego Maradona’s diamond earrings on eBay sometime soon.
Maradona is no stranger to trouble. While he is widely regarded as having been a soccer legend in his day, leading Argentina to its 1986 World Cup Victory, he is infamous for severe weight gain, drug addiction, and extended periods of poor health. Currently the coach of Argentina’s national soccer team, Diego Maradona’s recent trip to the weight loss clinic in Napoli came right after a number of consecutive defeats for Argentina. This string of losses left the team in danger of not qualifying for the World Cup for the first time in 40 years. However, after his return from Napoli, Maradona led the team to two victories, qualifying them for this summer’s World Cup in South Africa. Despite his many faults, one thing can be said about the legendary Diego Maradona – he always comes through in the end (at least on the soccer field). It looks like Italian tax authorities are going to keep on pursuing the recovery of the soccer star’s massive debt by continuing to seize his jewelry and possibly employing additional unorthodox methods of debt collection.





