Giggs and Neville's Hotel Football lost '£3.2m in the past two years'

Giggs and Neville's Hotel Football lost '£3.2m in the past two years'

Ryan Giggs and Gary Neville’s Hotel Football has lost ‘£3.2 million in the past two years’, with the Manchester hotel ‘currently owing £10m in loans’

  • Ryan Giggs and Neville started the Old Trafford Supporters Club in 2012
  • Its Hotel Football business appears to have struggled during the pandemic
  • The Hotel reportedly lost ‘£3.2 million’ amid lockdowns in the past two years

Hotel Football, the business venture run by Ryan Giggs and his former Manchester United teammate Gary Neville, has reportedly lost over £3 million in the past two years.

The hotel is part of the Old Trafford Supporters Club started in 2012, but appears to have struggled in recent years with the pandemic heavily affecting business.

According to reports in the Daily Star, Hotel Football lost £1.1m in 2021 and £2.1m the year before.

They also report that parent company Orchid Leisure had loaned the business £10.2m to keep the hotel afloat.

In quotes attached to the figures reported by the Daily Star, Neville said trading had been ‘hit drastically’ by the pandemic, and that Covid restrictions had ‘affected the financial figures.’ 

He added that  ‘challenges around inflation and the labour market continue up to this day,’ but ‘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. 

‘The directors feel that whatever the case the quality of the brand and of the property they manage cannot be sacrificed.’

Hotel Football has reportedly lost £3.2 million across the past two years

Gary Neville runs the company with his former Manchester United teammate Ryan Giggs

‘The directors are confident that the company will have sufficient funds to meet its liabilities as they fall due for at least the next 12 months.’

Giggs has recently been on trial accused of using coercive and controlling behaviour, which he denies.

The jury in the trial were discharged last week after failing to reach a verdict. A decision on whether or not Giggs will face a re-trial will be reached next week.

Neville has been referred to the Attorney General over a comment he posted during the trial that may result in Contempt of Court action.

Giggs has been on trial accused of using coercive and controlling behaviour, which he denies




Share this article


Source: Read Full Article