FORMER Blackburn Rovers captain Barry Ferguson has been made bankrupt with debts of more than £1.4 million.

The ex-Scotland captain, who made 36 appearances for Rovers between 2003-2005, was declared insolvent after failing to settle large bills thought to be owed to the taxman.

He is one of a number of former Ibrox stars who faced paying back money they had received in Employee Benefit Trusts (EBTs) after Rangers lost a battle with HMRC.

Ferguson, 39, who recently stepped down as manager of Clyde, received £2.5 million in EBT payments.

He also invested in a film production partnership called Eclipse which has targeted by HMRC after being ruled to be a tax avoidance scheme.

Ferguson applied for his own bankruptcy after running up debts of £1,425,633 and it was approved by the Accountant In Bankruptcy, Scotland's insolvency service, earlier this month.

A bankruptcy trustee, Maureen Leslie of insolvency specialists MLM Solutions, has been appointed to take control of his assets and try to recover money owed to creditors.

Ferguson, who lives in a gated mansion near Larkhall, Lanarkshire, has declared that he has only £3,000 worth of assets available.