Santander is partnering with UEFA to launch a financial education programme for professional players, with former international players David James and Gaizka Mendieta lending their support.
The Uefa Financial Management Training programme will be offered to footballers across Europe. It will teach them about the basics of savings and investments, as well as introducing players to the idea of running their own business.
Former England goalkeeper David James is one of several people to join forces with UEFA to create a new scheme to help players stay in control of their finances. James was forced to declare bankruptcy in 2014.
As the saying goes, if it's too good to be true, it probably isn't true"
"Not being an expert in finance, the difficulty is you listen to something and think it's going to be right. It sounds so good and you get involved and then it doesn't work out. As the saying goes, if it's too good to be true, it probably isn't true," James said.
"There's a standard number and the more money there is in football, the higher that standard number will get. We know that's not the case. My advice, and something I've learned later on in life, is that if someone gives you a contract or a deal, read it. Even if you don't understand it, at least get some knowledge of what you're about to do.
"Then go to someone with the expertise to actually go through it properly. Too often it's a mate, a friend or a relative, who says: 'Do this', 'Do that'. You trust them, you do it and it doesn't work out. If in doubt - which should always be the case if you're not an expert - get someone who knows the right answer.
A number of high-profile footballers have struggled with their finances. Last year the Guardian revealed that poor investment and tax advice had cost a group of 500 players around £1bn.
UEFA's director of marketing, Guy-Laurent Epstein, said: "UEFA is delighted to have the opportunity to call on Santander's financial expertise and experience in order to help run this course.
"Financial management is of vital importance to players of all ages and through this course they will receive all necessary tools in order to remain in control of their finances."
Gaizka Mendieta, who played for Spain and is now a DJ and investor, said he would often call on experts to give him the best possible advice, partly because he was interested in this topic on a personal level.
He said: "I wasn't educated the way other people perhaps are, but I had that interest in wanting to learn the basics of how things were doing or how things had to be done in order to get a return.
"I had that interest, I think I've learnt, and I had my investment advisers, tax advisers, lawyers with whom I had meetings regularly."
Armando Baquero Pointe, the global head of finance and strategy at Santander Wealth Management said: "Partnering with UEFA to improve European football players' financial education and help them prosper financially was a clear and compelling objective that is aligned with our vision.
"We think that the UEFA Financial Management Training is a great tool to do this in a broad and engaging manner."