The Masked Tulip Posted November 3, 2010 Share Posted November 3, 2010 Interesting that this allegedly has happened within days of his alleged break-up from his dad-in-law come business partner/manager. Gordon Ramsay has suffered another blow to his ailing business and personal pride after his bank took legal steps to stop him selling the family home without their agreement.Documents seen by the Daily Mail show that the Royal Bank of Scotland is also preventing the celebrity chef from using the £3million property to raise money to pay off his company’s debts. It is a humiliation for the 43-year-old, whose business empire once spanned four continents and whose face was rarely off TV screens. Read more: http://www.dailymail.co.uk/tvshowbiz/article-1326046/Gordon-Ramsay-suffers-new-blow-bank-stakes-claim-3m-home.html#ixzz14CyyTgil Quote Link to comment Share on other sites More sharing options...
aussieboy Posted November 3, 2010 Share Posted November 3, 2010 Interesting that this allegedly has happened within days of his alleged break-up from his dad-in-law come business partner/manager. Read more: http://www.dailymail.co.uk/tvshowbiz/article-1326046/Gordon-Ramsay-suffers-new-blow-bank-stakes-claim-3m-home.html#ixzz14CyyTgil Looks like he forgot the first rule of business: Own your primary residence outright and not in your name. Quote Link to comment Share on other sites More sharing options...
BuyInOxford Posted November 3, 2010 Share Posted November 3, 2010 I wish the man luck in sorting his finances out, he creates a lot of private sector jobs. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 3, 2010 Share Posted November 3, 2010 Looks like he forgot the first rule of business: Own your primary residence outright and not in your name. If its partnership breakup, he may have had two choices 1; close up, or 2; secure the debt on his assets. He may now own ALL of a failing business, which, may be a good thing...We dont know the actualitee of the relationship with father in law. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted November 3, 2010 Share Posted November 3, 2010 He was doing well, but spread himself far too thin. Too much debt and leverage. Quote Link to comment Share on other sites More sharing options...
Maihem Posted November 3, 2010 Share Posted November 3, 2010 I wish the man luck in sorting his finances out, he creates a lot of private sector jobs. Bad business leaders suck as much productivity as government (where you do think the great incapable go to work when their businesses fail?). We'll still need the restaurant services. Remember it is not business leaders that drive job growth but the need/desire for services. Ramsay out -> someone smarter in. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted November 3, 2010 Author Share Posted November 3, 2010 When the tide goes out... Quote Link to comment Share on other sites More sharing options...
BuyInOxford Posted November 3, 2010 Share Posted November 3, 2010 Bad business leaders suck as much productivity as government (where you do think the great incapable go to work when their businesses fail?). We'll still need the restaurant services. Remember it is not business leaders that drive job growth but the need/desire for services. Ramsay out -> someone smarter in. We dont know the ins and outs but many very good entrepreneurs go through times of hardship. Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted November 3, 2010 Share Posted November 3, 2010 Going by the comments ratings on the article Ramsay appears to be a very unpopular fellow. This might explain his rapid demise. What goes around comes around it would seem. Next stop the soup kitchens. Quote Link to comment Share on other sites More sharing options...
profitofdoom Posted November 3, 2010 Share Posted November 3, 2010 I wish the man luck in sorting his finances out, he creates a lot of private sector jobs. Whilst I agree with the general sentiment,and he is an entertaining sort of bloke, you just cannot run around in a recession spending money like that.The restaurant sector is one of the worst hit and he isn't immune. Quote Link to comment Share on other sites More sharing options...
exiges Posted November 3, 2010 Share Posted November 3, 2010 Is this the man who has a show about rescuing failing restaurants .. ? Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted November 3, 2010 Share Posted November 3, 2010 Whilst I agree with the general sentiment,and he is an entertaining sort of bloke, you just cannot run around in a recession spending money like that.The restaurant sector is one of the worst hit and he isn't immune. On the face of it, I for one would agree with you. However, Ramsay was right at the top charging outrageous amounts for fayre. Top top earners have continued to see their earnings not just rise but soar, thanks to Mervyn and Ben etc Doesn't it make you feel good to know that your taxes are going to keep the 0.1% in the lifestyle they seek? Quote Link to comment Share on other sites More sharing options...
profitofdoom Posted November 3, 2010 Share Posted November 3, 2010 On the face of it, I for one would agree with you. However, Ramsay was right at the top charging outrageous amounts for fayre. Top top earners have continued to see their earnings not just rise but soar, thanks to Mervyn and Ben etc Doesn't it make you feel good to know that your taxes are going to keep the 0.1% in the lifestyle they seek? We go to a small Bistro type restaurant in a country town.The food there is as good as I have had anywhere,first class local ingredients and a menu where (And this is my criteria) you can order anything,including items you don't much fancy,and it is always excellent.A meal with a bottle of wine usually comes out at about £55,less if there is an offer on.So I personally would have a problem with a three figure tab.Quite simply I can't see that it's worth it. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 3, 2010 Share Posted November 3, 2010 On the face of it, I for one would agree with you. However, Ramsay was right at the top charging outrageous amounts for fayre. Top top earners have continued to see their earnings not just rise but soar, thanks to Mervyn and Ben etc Doesn't it make you feel good to know that your taxes are going to keep the 0.1% in the lifestyle they seek? I'd agree with that apart from the 0.1%, it seems way too low. Quote Link to comment Share on other sites More sharing options...
IWantItNow Posted November 3, 2010 Share Posted November 3, 2010 His personal fortune was estimated at £67million – a remarkable achievement considering the first restaurant was opened only in 1998. I take it he hasn't got that now then? Quote Link to comment Share on other sites More sharing options...
exiges Posted November 3, 2010 Share Posted November 3, 2010 I take it he hasn't got that now then? If you have a £1m loan for a £1m house.. you're a millionaire Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 3, 2010 Share Posted November 3, 2010 Is this the man who has a show about rescuing failing restaurants .. ? Yes, he needs to contact himself to get some help. Quote Link to comment Share on other sites More sharing options...
darwin Posted November 3, 2010 Share Posted November 3, 2010 Going by the comments ratings on the article Ramsay appears to be a very unpopular fellow. This might explain his rapid demise. What goes around comes around it would seem. Next stop the soup kitchens. He does have the unfortunate knack of coming across as a knut of the highest order. Quote Link to comment Share on other sites More sharing options...
darwin Posted November 3, 2010 Share Posted November 3, 2010 Is this the man who has a show about rescuing failing restaurants .. ? That's right, lol. The jokes just write themselves, don't they? Quote Link to comment Share on other sites More sharing options...
Dave Spart Posted November 3, 2010 Share Posted November 3, 2010 Yes, he needs to contact himself to get some help. Reading that I was besides myself. Quote Link to comment Share on other sites More sharing options...
Dave Spart Posted November 3, 2010 Share Posted November 3, 2010 (edited) That's another one in severe financial difficulties. What is it with the name Gordon? :angry: Edited November 3, 2010 by Dave Spart Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted November 3, 2010 Share Posted November 3, 2010 (edited) Is this the man who has a show about rescuing failing restaurants .. ? A gem !! ps He should f**k off out the Kitchen Edited November 3, 2010 by GinAndPlatonic Quote Link to comment Share on other sites More sharing options...
General Congreve Posted November 3, 2010 Share Posted November 3, 2010 Is this the man who has a show about rescuing failing restaurants .. ? Brilliant. All mouth, no trousers. Quote Link to comment Share on other sites More sharing options...
R K Posted November 3, 2010 Share Posted November 3, 2010 Emperor's clothes. Anyone who spends more than a tenner on a meal out is clearly certifiable (decent fish and chips or indian takeaway). It's just a plate of food - get over it. Quote Link to comment Share on other sites More sharing options...
Toto deVeer Posted November 3, 2010 Share Posted November 3, 2010 I read somewhere about 2 years ago that he hadn't filed accounts at Companies House for about 2 years. Astonishing. This means that his accounts were unknown for about 3-1/2 years or so at that time. Yet he claimed that the business had a turnover of £110 million, I believe. I also heard that his wife's father was running the business, but that may be wrong. I remember telling my folks then that he must be in big trouble. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.