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More Financial Woes For Gordon Ramsay! May Lose His House!

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This can't be good!

Gordon Ramsay is in such serious financial trouble that his bank, the Royal Bank of Scotland, is reportedly refusing to allow him from selling his £3 million home so he can pay off his company's £17 million debt!

The bank granted Gordon Ramsay Holdings a £10.6 million overdraft in 2006, but have now been forced to enforce a unilateral notice against the chef's estate in southwest London. This essentially means that if his company goes under, he will be forced to hand his home to the bank.

Forensic accountant Adrian Wilcocks explains:

‘RBS, having advanced money to the Ramsay business, now wants some security. There will be various conditions attached. The house is being pushed into filling any hole that may exist. All of this is entirely commonplace and standard business practice.’

Tough break!

But these, unfortunately, seem to be the realities of the difficult financial times that we live in!

Best of luck, bb!

[Image via WENN.]

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11 comments to “More Financial Woes For Gordon Ramsay! May Lose His House!”



  1. 1

    I've come to not believe anything you write about Gordon Ramsay…



  2. 2

    DIFFICULT FINANCIAL TIMES MY ASS. HE SHOULD TRY LIVING ON MINIMUM WAGE OR BEING UNDEREMPLOYED WITH NO HEALTH INSURANCE FOR YOUR SICK KIDS, THEN HAVING TO DECIDE WHETHER TO HEAT OR EAT WITH THE COLD MONTHS COMING. IF HE SQUANDERED WHAT WOULD BE AN OBSCENE FORTUNE TO SOME COMMONER WITHOUT EVEN A THOUGHT FOR THE VALUE OF HIS DOLLARS/POUNDS THEN SHAME THE FUCK ON HIM.



  3. 3

    Those affairs are to blame for the crash of his empire.



  4. 4

    I get sick of people getting pleasure out of wealthy people having financial troubles. Sure, some of them throw it away frivolously, but some of them don't - they end up losing it because they put money into investments that fail or put money back into their own brand which sometimes doesn't pay off. I'm broke, but I don't begrudge others their fortune and I don't take pleasure in it if and when they fall from fortune. People don't realize how difficult it is to manage wealth effectively. I'm not a fan of Gordon Ramsey's behaviors behind closed doors (or on camera), but I personally find it upsetting when ANYONE - rich or poor - is at risk of losing their home.



  5. 5

    food glorious food



  6. 6

    How can he be so in debt with so much money?
    I don't get it…



  7. 7

    I didn't know you can lose a home on account of business debt, unless that home was used to secure a loan in the first place. Maybe things are different in merry ole england?



  8. 8

    I LOVE Gordon Ramsay but he has his hand in too many baskets. How many restaurants does one need to own? How many shows does one have to have? What in the world is he doing with all of his money from all of these things? Obviously isn't managing his money as well as he manages his kitchen. Tsk tsk Gordon.



  9. 9

    This guy is a total prick. He bores me to death with his infantile rants. No one learns anything in that environment.



  10. 10

    He owed that much money and he is still buying $300,000 Ferraris?
    What a tool.
    Pay your bills you jackoff.



  11. 11

    One thing I did when I made big money here in the US was to pay off the mortgage on my home …if I lose all my money in my investments and stocks tomorrow, I will always have the peace of mind that I won't be homeless…so I don;t feel sorry for all these successful people who end up losing their homes b/c they failed to secure the roof over their head first…coming from a third world country like the Philippines we learn to prioritize our needs first before our wants.