Your tip
RadarOnlineRadarOnline
BREAKING NEWS

Gordon Ramsay Suffers Real Kitchen Nightmare: A Potful Of Debt!

Getting your Trinity Audio player ready...

More than just the steak is bleeding red inside Gordon Ramsay’s hotel and restaurant empire, which has found itself millions of dollars in debt!

Confidential financial filings for the celebrity chef’s holding company, Kavalake Limited, reveal the loudmouth’s businesses posted a total loss of $5.56 million for the year ending Aug. 31, 2017.

What’s more, Ramsay is closing down his famed restaurant Maze, in London’s Mayfair — and another London property, the York & Albany Hotel, is $18.98 million in debt.

Article continues below advertisement

The embattled company owes its creditors a whopping $44.10 million, with only a paltry $255,876 in cash to settle the backbreaking debts.

But it looks like things will only get worse for the 51-year-old foodie.

Buried deep in his company’s financial filings is proof Ramsay personally guaranteed almost $7 million of its credit.

“That could be devastating for Gordon,” said an insider. “When you start personally guaranteeing loans, banks can come after you.”

MORE ON:
Gordon Ramsay

Now, the company is trying to square the books, at least in part, by hounding Ramsay’s former charity for cash.

The filings reveal the since-dissolved Gordon Ramsay Foundation owes $3,680.06 to the subsidiary.

“How low can you go?” asked a source. “Just forgive the debt for crying out loud!”

We pay for juicy info! Do you have a story for RadarOnline.com? Email us at tips@radaronline.com, or call us at 800-344-9598 any time, day or night.

Advertisement

DAILY. BREAKING. CELEBRITY NEWS. ALL FREE.

More From Radar Online

    Opt-out of personalized ads

    © Copyright 2024 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.