Hotel football, jointly owned by Manchester United legends Ryan Giggs and Gary Neville, is in financial turmoil.
according Sun, the hotel has lost £3.2million in just two years. To make matters worse, the institution overlooking Old Trafford owes more than £10million in debt acquired through loans.
These financial problems are worsening and Giggs is currently facing a new trial for allegations of assault against his ex-girlfriend.
Hotel football, which prides itself as a fan favourite, was revealed in submitted business accounts this week as a struggling entity that is rapidly losing revenue.
“Old Trafford Support Club Ltd, the company behind it, lost £1,148,879 in 2021 and a further £2,042,812 in 2020.”
“Documents show the company also removed a restaurant from the National Football Museum to save money.”
Neville attributed the losses to the pandemic, which has also affected other businesses.
He says daily star In addition to their pandemic-affected bookings and finances, “inflation and labor market challenges continue to this day.”
“The directors continue to implement their hotel investment policy to improve operational performance and promote the hotel football brand, even after the pandemic.”
Giggs’ legal battle isn’t the only thing tarnishing the hotel’s image.
A 2016 report It was revealed that the hotel room was used for prostitution.
In addition to this, just a year after its official opening, cocaine was also found in the toilets. Tests revealed traces of drugs in the compartment.
Hotel Football may take some time to recover. Giggs will not have a new trial until at least June next year. This happened after jurors failed to reach a verdict and the trial failed.
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