The credit crunch seems to be affecting almost everyone in some way or another, TV chef Gordon Ramsay the latest to make the headlines.
Ramsay has just sold his flagship French restaurant in Versailles, ‘Gordon Ramsay au Trianon’, back to the hotel in which it is located. This follows closely upon the sale of his restaurant in California, ‘Gordon Ramsay at The London West Hollywood’ and also a string of other eateries all over the place, including London and Prague.
However, at least he is managing to sell the places rather than just letting them go under or engaging in dubious accounting practices as others have done recently. Ramsay’s company, Gordon Ramsay Holdings, managed to register a £3 million pre-tax profit, although it did also increase its overdraft to more than £6 million.
Ramsay himself is reported to have paid himself in the region of £7.5 million in the past five years, so he’s not doing that **!!~!* badly, all in all.