http://www.mirror.co.uk/2009/05/31/gordon-ramsay-sells-ferrari-to-fight-credit-crunch-115875-21404941/

Gordon Ramsay has sold his beloved Ferrari to shore up his restaurant empire.

The fiery TV chef revealed how his business was threatened with ruin as debts to the taxman soared past £7million.

In his own Kitchen Nightmare his accountants wanted him to give up control of his firm so they could sell off parts of the business – but Ramsay refused.

Recalling how KPMG gave him the bad news, he said: “It was the worse b*****king ever . They told me I was f*****. It’s been an absolute s*** fight. We were told to go into administration.Tana (his wife] and I discussed selling our house.”

The dad-of-four, who runs Gordon Ramsay Holdings with his father-in-law, said they kept afloat by spending £5million of their own cash.

He added: “There was no way I was going to go under like Tom Aikens or Antony Worrall Thompson. I couldn’t let down my staff and suppliers.”

In an effort to raise more funds he even sold his sports car. “God, I loved that Ferrari,” he said.

Ramsay, 42, told the Sunday Times: “We have got rid of our losses. We’ve got strong trading. Stop now? No way. The best is yet to come.”