RYAN Giggs’ own hotel has lost £3.2m in just TWO years – his business now owes over £10m in loans.
Hotel Football near Old Trafford is in debt as co-owner Giggs faces a potential retrial for headbutting his ex-girlfriend.
The footy-themed hotel, which opened in 2015, overlooks the Man Utd ground and sells itself as a fan favourite.
Still, the fashionable tower wasn’t quite the victory that Giggs and his former teammate Gary Neville hoped for.
Trade accounts filed this week revealed how chambers have rapidly lost money in just two years.
Old Trafford Supports Club Ltd, the couple’s company behind the business, lost £1,148,879 in 2021 and a further £2,042,812 in 2020.
The company has also removed a restaurant from the National Football Museum to save money, documents have revealed.
Gigg’s co-owner Neville blamed the pandemic for the hotel’s poor numbers, saying their bookings and finances had been “drastic” by lockdown restrictions.
The footy legend told the Daily Star that “inflation and labor market challenges continue to this day”, but added that there were plans underway to improve the outlook for the season. ‘company.
He said: “The directors have continued their policy of investing in the hotel to improve operational performance and promote the Hotel Football brand even after the pandemic year.
“The leaders believe that in any case the quality of the brand and the establishment they manage cannot be sacrificed.”
Fortunately, Neville said this year’s figures were “very encouraging” as the UK hospitality industry returns to pre-pandemic levels.
He also confirmed that the company’s parent company, Orchid Leisure Ltd, had loaned the hotel £10.2million to keep it afloat.
Ryan Giggs’ actual bodily harm and controlling and coercive behavior charges aren’t the only issue with the Hotel Football name.
The Sun later reported in 2016 that the rooms were used as a base for prostitutes.
A sex agency was inundated with calls from soccer fans looking to let off steam with one of 30 girls listed online.
STADIUM VIEW ROOMS
And an escort claimed to have slept with eight clients since the launch of the four-star hotel in Manchester.
We also revealed that cocaine was found in the toilets just one year after the hotel opened.
Tests on three cabins revealed traces of Class A drugs on toilet paper wrappers and toilet lids.
A small trace was also found on the handrail of the handicapped loos next to the
family reception area. Club officials will be horrified.
Photos on the hotel’s website advertise rooms that overlook the iconic stadium.
Football-shaped mints appear to be placed on the pillows which are embroidered with the words “dreaming of victory”.
Posters of soccer balls and nets decorate the walls of the family-sized “Squad Rooms.”
Some pictures of the “class of ’92 bedrooms” show football jerseys and quotes from sports legends adorning the walls – with a photo even showing a framed photo of Giggs himself above the headboard.
On the ground floor, customers can eat “Veganaldo”, “Messi Fries” or “Giggsy grilled Cumberland sausage” at Cafe Football.
On Wednesday, Giggs lowered his head when he learned that any future trial may not take place until at least June NEXT YEAR as the jury was dismissed.
The 48-year-old was on trial accused of headbutting public relations executive Kate Greville, 38, and coercively controlling her over a three-year period – but jurors didn’t agree. did not deliver a verdict and the trial collapsed.
He has denied the charges, as well as an allegation that he attacked Kate’s sister Emma, 26.
Manchester Crown Court has told the ex-player that a hearing will be held on Wednesday next week, September 7, to decide when a possible retrial will take place.
The judge warned Giggs he could wait until June 2023 at the earliest for any future trials – a decision to be made at next week’s hearing.