![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/i-made-millions-but-lost-it-when-i-bought-a-football-club-i-have-no-regrets/&media=https://uknews.evprotec.com/wp-content/uploads/2023/10/newspress-collage-24062309-1695296128071.jpg&description=Exclusive BIG LOSS Published : 10:02, 3 Oct 2023 Updated : 10:02, 3 Oct 2023 A MILLIONAIRE who made his fortune building a business from scratch before losing it all has told how he has no regrets. Dad-of-three Jeff Dewing, 59, crashed out of school aged 16 after "muddling through" his teenage years in Chingford, east London . 6 Dad-of-three Jeff Dewing, 59, crashed out of school aged 16 after "muddling through" his teenage years in Chingford, east London Credit: Jeff Dewing 6 Jeff now lives in a five-bed seaview villa in the Algarve, Portugal Credit: Jeff Dewing He got a job in refrigeration at Sainsbury's aged 17, was made supervisor aged 19 and kept on moving up. By 23 he'd started his own air conditioning business - where he made his millions. At 34 he bought a non-league, semi-professional, football club and stepped away from his business, leaving it to his partners to run. But that would become his biggest mistake. He told Sun Online: "My family and I were living like kings. We had everything, a nice house and nice cars. "We had two Range Rovers, a Mercedes SL500 and Mercedes 320 Coupe, one for me and one for my wife. "We were enjoying the world, we lived in a huge five bed house in three quarters of an acre of land. But I was working all the time." Soon everything would come falling down. He added: "Then three years into running the football club I had a call from a colleague asking to see me. "They told me they'd run out of cash. I had no warning. It bankrupted me and I lost everything." Jeff was forced to sign on for benefits and had to sell all of his possessions. Suddenly, he and his family were left with no home and no cars. At one point he had just £7.60 in his bank account, not even enough to withdraw the £10 he needed for a beans on toast dinner that night. He added: "I felt extremely guilty that I let my family down. It was the worst time of my life." Jeff was forced to take responsibility and "face my demons". He became a recluse for 18 months and w){kind=link}
A MILLIONAIRE who made his fortune building a business from scratch before losing it all has told how he has no regrets.
Dad-of-three Jeff Dewing, 59, crashed out of school aged 16 after “muddling through” his teenage years in Chingford, east London.
He got a job in refrigeration at Sainsbury’s aged 17, was made supervisor aged 19 and kept on moving up.
By 23 he’d started his own air conditioning business – where he made his millions.
At 34 he bought a non-league, semi-professional, football club and stepped away from his business, leaving it to his partners to run.