Kimi Raikkonen's Troubles Extend Home

Negative CamberCorrespondent INovember 9, 2009

ABU DHABI, UNITED ARAB EMIRATES - NOVEMBER 01:  Kimi Raikkonen of Finland and Ferrari attends the drivers parade before the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on November 1, 2009 in Abu Dhabi, United Arab Emirates.  (Photo by Mark Thompson/Getty Images)
Mark Thompson/Getty Images

And I mean that literally.

I just turned up a Bloomberg story from a few days ago that didn’t pop up on the searches before:

Kimi Raikkonen is having difficulty selling his “second home” in Finland. Raikkonen now lives in Switzerland, where all the smart, big money-makers go to avoid taxes.

Apparently, there isn't a huge market around Helsinki for a 14.5 million Euro (about $21.5 million) home, even if the neighbors include fellow F1 champ Mika Hakkinen and Finland’s two political leaders.

The house comes in just under 10,000 square feet (about 900 square meters).

Now, the Bloomberg story also points out that last year, before being dumped by Ferrari, Raikkonen was second to Tiger Woods as the highest paid athlete in the world.

So, I don't think having to sit on the property, the most expensive in Finland, would be the hardest thing to do.

However—and here’s where this “fun celebrity story” gets a bit relevant — from some periphery dealings with noteworthy people, I have learned that he too may be in the financial hot-seat.

I know it is difficult to imagine that Kimi has serious financial concerns, but the upkeep on that home—any taxes, whatever mortgage he’s likely paying, given no cash was invensted intially—can add up and add up fast.

So, not being able to unload this home could affect his decision about racing in 2010, especially when there are rumors that he might be more valuable by not driving.

This would then make the Nick Heidfeld to McLaren rumor a bit more substantial.

Don’t discount the result of having this home on the market, though, even with potential depreciation of the house.

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