Chef Gordon Ramsay debt rumors have resurfaced as the "Hell's Kitchen" star is said to be looking for new investors to fund his dwindling restaurant business.
According to a report from UK Telegraph, the chef turned TV personality is trying to secure outside investors to help expand restaurants under the Gordon Ramsay Group (GRG). Chef Gordon Ramsay has even hired accountancy group BDO to help sign minority investors to raise capital for his food empire.
The accountancy firm is reportedly looking at an initial valuation of around £80m, said UK Telegraph. Though looking for investors, Chef Gordon Ramsay reportedly still wants to maintain majority control over the 24-door restaurant chain.
News of the investor lookout followed news from Eater.com that reported how "Gordon Ramsay at The London" restaurant will be closing after it opened to high expectations back in 2006.
The high-end restaurant was initially given two Michelin stars. A rep for the hotel explained that they are doing closing the restaurant "to reflect the more casual dining style preferred by the guests."
Eater.com.added that the culinary master turned TV personality's other establishments within the hotel - such as Maze by Gordon Ramsay and The London Bar - will remain open.
However, Chef Gordon Ramsay's team has blasted the hotel for the restaurant's unexpected closing. His rep told New York Daily News: "We are heavily involved with all our restaurants and partners around the world with the exception of The London, who unfortunately rarely cooperate or communicate with us."
The spokesperson added: "It's disappointing that they have taken this decision but we believe the dining experience they've been offering lately has not been the standard expected by us or our customers when they dine at a Gordon Ramsay restaurant."
In the recent months, reports from Radar Online showed corporate documents that revealed the alleged current status of the culinary entrepreneur's business endeavors. Listing Chef Gordon Ramsay debt details, the report claimed the British national is supposedly $50 million deep in debt and facing one lawsuit after another.
A spokesperson spoke about Chef Gordon Ramsay debt rumors, and was quick to deny the financial trouble reports.
