Class of 92 stars see dream project descend into bottomless pit of debt - report

Saturday 3 September 2022

Class of 92 stars see dream project descend into bottomless pit of debt - report

Hotel Football, co-owned by Manchester United legends Ryan Giggs and Gary Neville, is in financial turmoil.

According to The Sun, the hotel has lost a staggering £3.2m in just two years. Even worse, the establishment that overlooks Old Trafford owes more than £10m in debt it acquired through loans.

These financial troubles are escalating while Giggs is currently facing a possible retrial for charges of assaulting his ex-girlfriend.

Hotel Football, which prides itself on being a fan-favourite, has been exposed this week in filed business accounts as a struggling entity that is rapidly losing revenue.

“Old Trafford Supports Club Ltd, the pair’s company behind the business, lost an eye-watering £1,148,879 in 2021 and a further £2,042,812 in 2020.”

“The firm also pulled a restaurant from the National Museum of Football to save cash, documents have revealed.”

Neville attributed the losses to the pandemic, which had also affected other businesses.

He told The Daily Star that in addition to their bookings and finances being affected by the pandemic, “challenges around inflation and the labour market continue up to this day.”

“The directors have continued their policy of investing in the hotel to improve operational performance and to promote the Hotel Football brand even post the pandemic year.”

Giggs’s legal troubles are not the only thing that has tainted the image of the hotel.

A report in 2016 revealed that the hotel’s rooms were being used for prostitution.

On top of this, cocaine was also found in the toilets just one year after its grand opening. Tests revealed traces of the drug in the cubicles.

It may be some time before Hotel Football recovers. Giggs will not have his retrial until at least June of next year. This is after jurors failed to reach a verdict and the trial collapsed.

United Matchday Magazine – the football programme, reinvented
Leicester beaten. Three on the bounce. Arsenal up next. Get your special double issue of the United Matchday Magazine, complete with bonus material.

Online football content like you’ve never seen before
Prepare for the game with our unique match centre and get hand-picked news, features and opinion
No ads, no clickbait, no fake news – just 100% pure United
Instantly delivered to your device with easy and secure online ordering
Click Preview to see more or buy the double issue now for just £1.50/$1.75
Limited time offer: SAVE 33% on a season pass – use discount code SEASON33 at checkout.

The post Ryan Giggs and Gary Neville’s hotel has lost millions in the last two years appeared first on Man United News And Transfer News | The Peoples Person.

Telenovela Blasters do not claim ownership of any of the Songs and Videos that we upload and any copyright infringement complaints will be executed immediately! It is our policy to honor all take-down requests! Email Us via chaarlso30@gmail.com l

If you believe that this page has violated your copyrighted/protected material(s), please kindly Contact Us for immediate removal, or mail us at chaarlso30@gmail.com stating the content name/URL of the page. Thanks.

To upload your music on Telenovela Blasters and get massive download, contact us now via:
Whatsapp: 08130162561
Email: Teeloadedblog@gmail.com

Copy the link below and Share with your Friends:

Article Name	Class of 92 stars see dream project descend into bottomless pit of debt - report
Description
Author Name	Candyboy
Published On	September 03, 2022
Post Category	Man Utd