Michael Schumacher Latest News & Update: Family Now Facing Financial Troubles? Formula One Racer Still Recovering Despite ‘Difficult’ Situation?

By Jastine Uy , Updated Jul 21, 2016 03:47 AM EDT

Several fans are very much concerned about the current health condition of Formula One Legend Michael Schumacher. Now, followers of the veteran racer have been more troubled after recent reports claimed that his family is currently facing a financial crisis.

Family of Michael Schumacher now facing financial problems

Morning News USA has reported that the family of Michael Schumacher is currently having some major problems on their finances. According to reports, the Mercedes E55 AMG car of the Formula One racer is currently for sale and costs five times its original price, which is $133,000.

Million followers of Michael Schumacher got really worried after learning the news as this 20-year old car is among the properties he was able to acquire while he is still at the peak of his racing career. Adding fuel to the reports about family having troubles on their finances are the recent vending of the Schumacher's family jet and vacation house.

Rumor mill is spreading that Michael Schumacher will be needing more treatments and medications to completely recover. Fans are speculating that this could be the reason why the family of the Formula One legend has opted to sell some of their belongings.

Though these reports could be true, the family of Michael Schumacher has remained silent of these issues. So, fans should take everything with a grain of salt until proven true.

Michael Schumacher recovery is going to be tough & difficult

Meanwhile, GamenGuide has previously reported the journey of Michael Schumacher to complete recovery will not be easy.  As a matter of fact, former Ferrari chairwoman Luca Cordero di Montezelmo has revealed that the present situation of the Formula One racer is really difficult.

"I'm very pleased to know that he is reacting," Luca Cordero di Montezelmo revealed of the current health condition of Michael Schumacher. "I know how strong he is. I'm sure that thanks to his determination; which will be crucial, he will come out from this very, very difficult situation."

However, despite all the nasty reports and difficult situation that the Formula One racer is currently in, fans of Michael Schumacher remained hopeful that he will be okay one day. For more news and updates about Michael Schumacher, stay tuned to GamenGuide!

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