29 August 2011 1:11 AM, PDT | WENN | See recent WENN news »
Celebrity chef Gordon Ramsay has been forced to close two of his restaurants in Australia due to funding issues.
The Hell's Kitchen star has suffered severely in the recent economic downturn and in 2009 was forced to pump $8 million (£5 million) of his own money into his businesses in a last-ditch bid to keep afloat.
The company, Gordon Ramsay Holdings (Grh), reported a loss of $6.5 million (£4.3 million) and was also hit with massive tax bills.
And his money woes keep on mounting - editors at Britain's Daily Star report Ramsay's Maze and Maze Grill in Melbourne have been put into liquidation due to a $4.8 million (£3 million) debt.
Ramsay admits the eateries are "not financially sustainable".
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