By Arsenal correspondent Tony Hughes

Ian Wright is reportedly facing a mammoth tax bill after being stung by a investment scheme.

The former England and Arsenal striker has apparently lost £2million in investments through what has been dubbed a tax avoidance scheme.

Dozens of football coaches, managers, players and staff have lost up to £1billion on the schemes, with at least £100million allegedly going on plans pushed by Kingsbridge Asset Management.

According to the Sun, Wright, 52, did not invest in Kingsbridge but was introduced to one of its bosses by fellow ex-Arsenal striker Kevin Campbell, who faces bankruptcy over a £7million loss.

The TV pundit is said to be “livid” over a similar investment scheme and is considering legal action over the advice he received.

Like other players, he is facing a hefty bill as the Inland Revenue challenged schemes as tax avoidance vehicles.

A source told the Sun: “Ian is no tax-dodger and is livid — all he did was follow advice.”