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Gordon Ramsay Slams 'Ludicrous' Claims of $50 Million Debt

Gordon Ramsay has angrily responded to a detailed financial breakdown by Radar Online of the state of the shouty chef's culinary empire. Ramsay calls the implied assertion his company is teetering on bankruptcy as "ludicrous."

The documents obtained by Radar Online cover the list of creditors, legal obligations and bank loans though August 31, 2013. The reports indicate the U.K. end of Gordon Ramsay Holdings Limited lost $1.2 million in 2013 and $1.74 million in 2012.

The official response seeks to clarify the numbers are part of successful business practices: "This is an inaccurate interpretation of the public filings that were reported widely in the media back in May, and any claim that the company is anywhere near bankruptcy is ludicrous. It is standard for the head of the company to deliver loans to expand the business and ensure experiences remain first class, and the Gordon Ramsay Group continues to deliver a strong performance, with growth year on year."
· All Coverage of Gordon Ramsay [~ELV~]
Gordon Ramsay [Photo: Gordon Ramsay]

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