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Daily Record
Daily Record
National
Stuart MacDonald

Rangers boss Steven Gerrard's personal firm now worth £7million

Rangers manager Steven Gerrard boosted the value of his personal company to more than £7million last year.

The Liverpool legend set up Steven Gerrard Promotions during his playing career to channel his off-field income into the business.

Figures reveal he is continuing to rake in the cash more than four years after he hung up his boots.

Accounts filed at Companies House for the 40-year-old’s firm show it has net assets of £7,013,775. That includes an investment portfolio worth £5.6million, cash held in a bank account and money owed to it by debtors.

The company made a profit of more than £175,000 for the year up to March 31, 2020, and its value increased by more than £50,000 on the previous year’s figure.

Gerrard is secretary and co-director of the company along with his brother Paul.

The accounts show he has invested more than in £370,000 in launching his own brand of bottled water called Angel Revive, described as “the only naturally alkaline water brand produced in the UK”.

The Ibrox boss has his own clothing brand called SSG Apparel and has used his social media accounts to endorse a number of products including scented candles.

A report in the accounts said the stock market fall at the outbreak of the coronavirus pandemic last March had affected the value of the company’s investment portfolio but stated it had since “recovered strongly”.

It also said the firm had a “strong balance sheet” and was in a good position.

Figures released earlier this year showed Gerrard gave away more than £238,000 to good causes through The Steven Gerrard Foundation.

It was set up in 2011 to provide additional funding for a range of children’s charitable organisations and projects.

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