Boris Becker earned more than $25 million in prize money during his playing days.
Now, Becker is bankrupt.
Watch: 5 Men Who Can Win Wimbledon
The 49-year-old Becker, who owes creditors a "substantial" amount of money, was declared bankrupt in a Bankruptcy and Companies Court hearing in London.
The former world No. 1, who owns a home in Wimbledon village, was not in court for the 30-minute hearing today.
Becker's attorney, John Briggs, asked for an extension for the former Wimbledon champion to complete a deal to sell a property in Mallorca worth 6 million Euros, the BBC reports.
"He is not a sophisticated individual when it comes to finances," Briggs told the court. "I am asking for a real last chance for Mr. Becker to come good. It has just taken longer than anticipated."
Presiding judge Christine Derrett denied the request saying there was not enough evidence the former star could pay his debts.
"In these circumstances, and with a degree of regret, I'm afraid that I do not agree to the request for an adjournment," Derrett said in comments published by the Daily Mail. "I am therefore satisfied that the necessary papers are in order and I make this bankruptcy order."
The judge, who said she recalled watching Becker play on Wimbledon's Centre Court, "which probably shows my age," also took a subtle shot at the Hall of Famer, who has owed a debt to Arbuthnot Latham for two years.
"It is not often the case that a professional person has a judgment (debt) outstanding against them since October 2015. This is a historic debt," Derrett said. "One has the impression of a man with his head in the sand."
During his three-year tenure as coach of Novak Djokovic, Becker helped the Serbian win six of his 12 Grand Slam titles before the pair parted company at the end of the 2016 season.
Will Becker's financial woes compel him to return to coaching?
Earlier this year, the German media reported on the prospect of Becker coaching German No. 1 Alexander Zverev.
Zverev told the German publication Bild that Becker could definitely teach him a thing or two, but as it stands now, the six-time major champion is out of his price range.
"Boris could definitely help me to improve my game," Zverev told Bild in February. "But if I want to work with him, first I have to win some tournaments because at the moment I cannot afford it.
“So if I wanted to do it, I would have to wait at least a couple of years.”
Photo credit: British Tennis