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Sven-Göran Eriksson’s luxury mansion has been sold in a cut-price deal as his family offload his assets in a bid to serve the debts he left when he passed - which totalled more than £7million. The former England boss died from pancreatic cancer in August last year . He owed the UK taxman £7.4m when he passed and also had at least another £1m in other debts, with it now emerging that his family have sold his seven-bed house in Torsby, Värmland. The luxury property in Sweden has now officially been sold but for more than 25 percent less than was originally planned. It had been on the market for £2m, but they were forced to drop the price by £400,000 to attract offers, claim The Sun . The report adds that the property was eventually sold for an undisclosed sum of at least £1.3m after an anonymous e-commerce businesswoman purchased it following renovation work done by her father for Eriksson on the house. She said: “Of course I thought it was fantastic, but it was still far from obvious to me to buy it when it came up for sale. It felt like a big project and a big responsibility. However, the opportunity to manage a small part of Värmland’s cultural heritage, and at the same time enjoy the fantastic environment, was ultimately irresistible. “We live and work in Stockholm but my soul is always somewhere in northern Värmland. We will spend as much time as we can there. I come from Torsby myself, my whole family is in Värmland, and we are always in Torsby on all holidays. Our dream with Björkefors is to make it an obvious gathering place for the family for generations to come.” Sven bought the house in 2002, when he was the England manager, for £4.5m, but the subsequent sale of his estate has left a loss of around £3m on it. As well as selling his property his family have had to sell his collection of memorabilia to raise the necessary funds. Among the items they cashed in on were his Armani suit from England’s last 16 match against Portugal in the 2006 World Cup - his final game in charge - with hand-written team notes still in the pocket. That went for £140k. Eriksson's mammoth debts come despite him landing millions during his 42-year managerial career, which saw him lead 12 clubs and four national teams. His most lucrative stint came with the Three Lions where he earned £22.5m across his his five years in charge. However he owed millions to HMRC after he invested in a failed film scheme designed to defer tax bills which was ruled unlawful. Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
