Inside the £10m lottery winner’s incredible car collection – before he lost all his money on a spending spree
A LOTTERY winner owned an incredible car collection after winning £10million in the lottery – but ended up losing it all.
John McGuinness swapped his Vauxhall Astra for a £140,000 Ferrari after winning the huge prize in 1997.
His replacement was £140,000 Ferrari 360 Modena Spyder convertible supercar taking pride of place in the driveway of John’s new £1.3million mansion in Bothwell, South Lanarkshire.
The 360 Modena Spyder accelerates from 0 to 100 km/h in around 4.5 seconds.
This supercar was launched in 1999 and replaced the F355, meaning John would have been the owner of Ferrari’s finest supercar of the time.
And the 3.6-liter V8 engine produced 394 hp, but the Modena was cheaper to run than previous Ferrari models.
But spending on luxury engines didn’t stop there.
And John suddenly had six exotic cars to choose from, including a Bentley, a Mercedes, a Jaguar and a BMW.
Other extravagant items included a £500,000 seafront apartment in Mallorca and a £3million spending spree for family members – not bad for a boy who used to live in a council house with his parents and was making £150 a week.
Further bad investments led to a court hearing at which John declared he had “lost everything”.
“I had the Ferraris, the designer wardrobe and the luxury vacations. I had everything I ever dreamed of and more.
“Now I’m worried about how to pay for the purchase.”
And John lost all his winnings after a devastating turn of events.
The die-hard Livingston FC fan’s fortune was destroyed when he used his sudden wealth to guarantee the club’s loans.
This meant that he was liable for all of the football club’s debts.
He had invested £4million in Livingston before it went into administration.
And he lost millions in a gamble to buy Livingston with former Celtic director Dominic Keane.
https://www.the-sun.com/motors/7512731/inside-10million-lottery-winners-before-he-lost-cash/ Inside the £10m lottery winner’s incredible car collection – before he lost all his money on a spending spree