Brown, 43, declared bankruptcy after owing a huge six-figure debt to the taxman, as well as a car company.
Marcus Rashford is renting out a property to former team-mate West Brown
Wes Brown has reportedly been declared bankruptCredit: Getty
He also allegedly lost millions of pounds in failed property deals that shattered the former footballer’s wealth.
His former team-mates are believed to have rallied around the ex-England defender, including Wayne Rooney and Michael Carrick.
While free school meals hero Rashford has gone one further by letting him one of his lavish properties on a budget deal.
Brown, 43, spent 19 years at Manchester United – coming through the academy to make 262 appearances, winning 11 major trophies.
He also earned 23 senior caps for the Three Lions before finishing his club career with spells at Sunderland, Blackburn and then Kerala Blasters in India.
But the Daily Mail claim he fell into a six-figure debt with HMRC and failed on car repayments.
The report adds that two creditors lobbied for Brown to be made bankrupt.
It is said the former £50,000-a-week ace only owed a few thousand pounds to the car finance firm.
But it was a series of property deals that went wrong and scuppered the 1999 Treble winner, known as one of the nicest men in football.
Brown lived a lavish lifestyle during his 20-year relationship with his wife and the mother of his three children Leanne from Real Housewives of Cheshire.
Brown spent 19 years at Old Trafford and made 262 appearances for the club Credit: Getty
However, a costly divorce has left him in the red.
A source told the Mail: “It may seem like Wes was earning big money — to most people he was — but the trouble was he was also trying to keep up with the lifestyle of team-mates earning five or six times more than he was.
“Most of his money disappeared in bad property deals. He overpaid on the farm that Leanne lives in. He spent something like £6million or £7m to buy that.
“They have tried to sell it but haven’t managed to, even after lowering the price to £4.75m. Any money left is tied up in the farm.
“A previous property of theirs was once listed at £4.5m but took seven years to sell, finally going for £2.4million — almost half price.”
The report adds that Leanne thought she was owed a whopping £500,000 from fellow former Housewives co-star Dawn Ward.
However, Brown’s ex-wife is said to have written off that debt.