(Reuters) -Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over 3.8 million pounds ($4.64 million) following years of financial mismanagement.

Goran Eriksson, the first foreigner to lead the England national team, died with debts of over £3.8 million ($4.64 million) following years of financial mismanagement.

The Swede, who managed England's international team between 2001 and 2006, died last August aged 76. Reports say most of his sizeable debts were tax-related in the UK.

Göran Eriksson passed away last year and his family are now planning to sell off his treasured football trophies to help pay off his debts

Sven-Goran Eriksson, the Swedish football manager renowned for leading the England national team, passed away with debts exceeding 3.8 million pounds. Despite assets worth 4.8 million pounds, his financial situation was complicated by substantial tax-related debts in the UK,

Svennis admitted that he was close to bankruptcy at one point after losing £10m to financial adviser Samir Khan, who he entrusted with his fortune after they met in 2004.

Former England manager Sven-Göran Eriksson died on August 26 last year after suffering from pancreatic cancer.

Swedish football manager Sven-Goran Eriksson, renowned as the first foreigner to lead England's national team, passed away with debts exceeding 3.8 million pounds. Despite assets worth 4.8 million, most debts were tax-related in the UK.