Gordon Ramsey's new f-word is 'finances,' hopefully not 'foreclosure'

Before you go, we thought you'd like these...
Before you go close icon
The f-bomb-dropping host of Kitchen Nightmares and Hell's Kitchen, Gordon Ramsey, is in a bit of financial hot water, our sister blog, WalletPop UK, tells us (and he's not the only celebrity chef in trouble lately across the pond). The Scottish chef has 11 restaurants -- one in France just got two stars from Michelin -- but his company is in trouble with the bank that lends it money.

The details of the exact nature of the financial turmoil are not clear, but the bank reported that Ramsay's company had "breached its banking covenants" which the Guardian notes are promises made to lenders to secure a loan. The paper goes on to say that Ramsay and his chief executive Chris Hutcheson, who is also his father-in-law, "have had to promise to help the company pay its debts if necessary."

Does this mean foreclosure could be coming to the famed chef if he can't work out the repayments? It may be too soon to say, but you probably can get the expletives that Ramsay would have for that.
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts
If You Find One Of These In Your Yard, Don't Touch It - And Try Not To Panic If You Find One Of These In Your Yard, Don't Touch It - And Try Not To Panic
Cops Catch Up To A Suspicious Speeding Vehicle - And Make An Appalling Discovery Inside Cops Catch Up To A Suspicious Speeding Vehicle - And Make An Appalling Discovery Inside