A RESTAURANT owned by former Man United star Ryan Giggs has gone bust.
George’s Dining Room and Bar, which shut suddenly last month, was wound up with debts of £563,600.
That included £129,357 owed to traders, £75,616 in taxes and £44,095 in bank loans and overdrafts, according to the last set of accounts for the business.
Giggs, 51, opened George’s in Worsley, Greater Manchester, with old school pals Kelvin Gregory and Bernie Taylor in 2014.
Last month, the restaurant closed its doors, blaming “unforeseen circumstances”.
On March 7, the RKB Ventures Ltd company set up by Giggs and his mates to run the business was officially liquidated.
When George’s shut, staff were sent text messages telling them bosses “regret to announce that with a heavy heart we have no alternative but to close George’s effective immediately”.
The message added: “This is due to the obvious reduction in trade and business against the huge increases in costs of operating the business and the ongoing cost of living crisis.”
A staff member said then: “It came totally out of the blue.
“We were all supposed to be working today and then we got the text messages through, we are all stunned.”
Former Man Utd stars Bryan Robson, Nicky Butt and Gary Neville were all at the opening of George’s.
At the time Giggs, director of football at Salford City, said of his fellow owners: “We’ve known each other for 30 years and we always said it would be great to do something like this together.
“We’re all local lads and have lived in this area all our lives so we wanted to do something in Worsley and we think we’ve got a really different offering for the area.”
Giggs is involved in property development, hospitality and fashion.
Last year girlfriend Zara Charles, 36, gave birth to daughter Cora.
Read the full article here