Sports

Blow to Steven Gerrard as he loses eye-watering sum of money after pal’s business closes with huge debts

FOOTIE manager Steven Gerrard has pulled the plug on a company flogging “healthy” water.

The former Liverpool midfielder and England captain pumped £371,524 into Angel Revive, which was run by a friend.

An image collage containing 1 images, Image 1 shows Steven Gerrard, head coach of Al-Ettifaq, at a Saudi Pro League match
Steven Gerrard has lost an eye-watering sum of money after his pal’s business closed with huge debts

But he has lost most of his money along with fellow investors who ploughed £2.5million into the business, which has closed with huge debts.

Gerrard owns a 25 per cent stake.

The 44-year-old has had £50,000 of his investment back, but remains massively out of pocket.

The company has debts of £542,220, including £398,353 in unpaid rent.

Paperwork said: “The company has negative reserves and is dependent on continued financial support of directors and shareholders.”

Gerrard is among contenders for the managerial job at his Scottish giants Rangers, who he managed previously for three years from 2018, winning the Scottish Premiership in 2021.

The Gers are seeking a permanent manager after sacking Philippe Clement in February, with former midfielder Barry Ferguson being placed in temporary charge since.

Gerrard left Ibrox to take over as Aston Villa manager but was sacked in October 2022 after winning just two of 12 games.

He then took up the manager’s job at Saudi outfit Al-Ettifaq, but left by mutual consent in January

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