Steven Gerrard continuing to rake in the cash eight years after retiring as ex-England star's wealth soars
FILL YOUR BOOTS Steven Gerrard continuing to rake in the cash eight years after retiring as ex-England star's wealth soars
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EX-ENGLAND skipper Steven Gerrard boosted the value of his personal company to almost £10million last year.
The Liverpool great, 45, set up Steven Gerrard Promotions during his playing career to channel his off-field income, including sponsorships.
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Latest figures show he is continuing to rake-in the cash, more than eight years after he hung up his boots.
Accounts filed at Companies House show his business has reserves of £9,828,095 and made £1.5million profit.
Gerrard, who departed Rangers for Aston Villa in November 2021, is listed as secretary and co-director of the firm alongside his brother Paul.
The former Ibrox boss runs his own clothing label, SSG Apparel, and has promoted various products — from fashion to scented candles — on his social media.
Financial records also reveal Gerrard has donated over £40,000 to charity in the past three years through his foundation.
The company's value also rose by £800,000 in a year.
The former midfielder took over as Rangers boss in June 2018, leading them to their first Scottish Premiership title in a decade in 2021.
He was dismissed by Aston Villa in October after just 11 months at the helm due to a disappointing run of form.
Following a stint managing in Saudi Arabia, Gerrard was tipped for a return to Ibrox earlier this year, but the club ultimately chose Russell Martin as their new manager.
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Steven Gerrard boosted the value of his personal company to almost £10million last year
Credit: PA:Press Association
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BBC News
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Where are the next big road schemes for the East of England?
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Telegraph
33 minutes ago
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Revealed: the full, devastating impact of Labour's VAT raid on private schools
Last summer Sir Keir Starmer made two promises to schoolchildren. The first was a father's promise that his son's education would not be disrupted if he became prime minister. The second was a commitment to levy 20pc VAT on private school fees 'as soon as it can be done' if Labour won the general election. He kept both promises. But while one child was able to complete their schooling unaffected by the new Labour Government, for thousands of private school children it has been a different story. At least 44 private schools have announced their closure as a result of the VAT raid, disrupting the education of almost 6,000 children. Many have entered the state sector, eroding the revenue the Government hopes to raise. All have had their lives upended as a result of Labour's education tax. Six months on since the policy was formally introduced on January 1, critics say all of their worst fears have become reality. 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'And in our situation, it has resulted in two additional places at our local primary school now occupied by my boys. It didn't need to happen. Two other families have lost access to those places and the Government receives no additional tax revenue for my two children.' At least 44 schools close their doors Across the country, private schools have been forced to close as a result of the levy, with many also citing the rises in National Insurance and minimum wage in April as contributing factors. The Telegraph has identified 44 schools that have closed or are set to close as a result of the VAT levy. Dozens more have closed in the past six months but these schools have not attributed their closures to the tax policy. Closures have predominantly taken place at schools charging lower fees, where parents are more price sensitive. St Joseph's Preparatory School, a Catholic school in Stoke-on-Trent that charged £10,245 per year, was forced to close on December 31. Its former headmistress Roisin Maguire said the policy has priced out 'working class' families from private education. She says: 'I'd love to have taken Bridget Phillipson into St Joseph's and said this is a school with one of the lowest fees, these parents are the people who work extra shifts at the hospital in order to afford this because their child has high needs. '[Ms Phillipson] has in her mind Eton and Harrow when she thinks of independent schools, but that's not the picture on the ground of schools who are affected by this.' Historic VAT claims While smaller, more affordable schools have closed, some schools such as Eton and Harrow, counter-intuitively, can make large retrospective claims. These schools are able to recover historic VAT they paid on capital expenditure including buildings and land acquisition over the past 10 years. 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A government spokesman said: 'Ending tax breaks for private schools will raise £1.8bn a year by 2029-30 and help to recruit and retain an additional 6,500 teachers and raise school standards, supporting the 94pc of children in state schools to achieve and thrive.' 'This is a loss. Girls are thriving here' The stage at Queen Margaret's school in York was alive with music and laughter last week as girls danced and sang, writes Natasha Leake. Their performance of 'The Fun Song', the school's long-standing inter-house competition, was more than just a joyful display – it was a poignant farewell. Just days later, the top all-girls boarding school closed its doors forever. It came following a sudden announcement in June that financial pressures, exacerbated by Labour's introduction of VAT on school fees, had forced its closure. 'I sat at the back, and I just had one of those moments of real sadness,' says head teacher Nicola Dudley, two days before the school closed forever on July 5. 'Looking at the girls on stage, they were brilliant. They were having so much fun… They were singing and dancing their hearts out without any inhibitions. And I think that is just the nature of a small all-girls school. I thought, this is a loss; these girls really are thriving here.' Dudley is speaking on the same day that sports day takes place at the school for the last time. After her appointment in September 2024, just 10 months ago, she had hoped to guide the school with renewed energy and passion for all-girls education, which she herself had experienced growing up. 'There is a real feeling of sadness,' she says. 'It's grieving for the loss of a community that's meant so much to so many people, and that's really hard.' Founded in 1901, Queen Margaret's school is set in the idyllic countryside of Escrick Park in Yorkshire. Next year would have marked its 125th anniversary. Described in the Good Schools Guide as 'small but perfectly formed', Queen Margaret's had weathered two world wars, three relocations and 14 head teachers, but could not survive the latest round of financial challenges. 'We, like many independent schools, have been unable to withstand mounting financial pressures following the introduction of VAT on school fees,' the governing body said in their June statement. They also pointed to school numbers falling so much they were 'below the viable level required to keep the school open beyond the current academic year'. One teacher at the school, who asked not to be named, thinks the girls will never find the level of teaching which existed at Queen Margaret's again. 'I remember one student wanted to learn how to play the bagpipes, so the music department got a bagpipes tutor in,' he says, adding: 'We had two Ukrainian girls on full scholarships because of the war in Ukraine.' And for the local economy, the impact of the school's closure is devastating. 'It is easily the biggest employer in this village,' he adds. 'It's like a village disappearing, because of all the gardeners, all the cleaners, all the chefs, all the teachers.' Following the June 13 announcement of the school's closure, waves of disbelief permeated the school community. 'It was a big shock to the teachers, definitely to the girls,' the teacher reflects. 'They were absolutely devastated… a lot of them were crying because they have made lots of friends… nobody likes change, they have to find a new school within weeks.' Further afield, Old Margretian WhatsApp group chats have been buzzing furiously, as alumni have been gathering to discuss the school's closure but also to reminisce about better times. Annabel Sampson, now features editor at Tatler magazine, attended the school from 2000 to 2008. 'It was such a happy, hilarious time,' she remembers. 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Telegraph
34 minutes ago
- Telegraph
Awful look for Wimbledon to have two players who served drugs bans in the finals
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That includes the fact that their sanctions were offered to – rather than imposed upon – them, and that they effectively got to serve bans when it suited them, with neither missing a grand slam event as result. The Sinner saga dates back to March last year, when he failed a drugs test for the steroid clostebol six weeks after winning his maiden major title at the Australian Open. The Italian tested positive both during and after the Masters 1000 at Indian Wells. As a result, he was automatically stripped of the 400 ranking points and £250,000 prize money he earned at the event, where he had been beaten in the semi-finals by Carlos Alcaraz. He was also provisionally suspended but news of this was not made public following an appeal that was accepted after he convinced the International Tennis Integrity Agency he had not knowingly doped and had a credible case for not being at fault for the failed test. That case centred on massages provided by his physiotherapist, Giacomo Naldi, who was said to have applied an over-the-counter spray containing clostebol to his own skin – unbeknownst to Sinner – to treat a small wound. The amount of clostebol found in Sinner's system was not deemed performance-enhancing and the ITIA accepted his explanation and that he personally bore 'no fault or negligence'. Sinner played at the French Open and Wimbledon after the case was referred for a final decision to an independent panel convened by Sport Resolutions, which agreed with the ITIA's verdict and ruled he should serve no ban. It was only then – less than a week before the US Open – that the matter was made public. Sinner, who according to his coach, Darren Cahill, had become so ill as a result of the drugs case that he missed the Olympics with tonsillitis, said: 'I will now put this challenging and deeply unfortunate period behind me.' But despite sacking Naldi and fitness coach Umberto Ferrara, who had provided the banned steroid, Sinner was unable to simply move on. 'Ridiculous,' raged Nick Kyrgios on X before calling for a two-year ban to be imposed on the Italian. Denis Shapovalov and fellow one-time top-10 player Lucas Pouille also hit out, with the former posting: 'Different rules for different players.' Those other players include former Wimbledon champions Maria Sharapova and Simona Halep, and ex-finalist Marin Cilic, all of whom were hit with drugs bans that saw them miss at least one grand slam. Britain's Tara Moore, who served a provisional suspension spanning 19 months before a panel ruled contaminated meat was the source of a failed doping test, wrote: 'I guess only the top players' images matter.' Sinner went on to win the US Open before the World Anti-Doping Agency announced it would appeal the decision that he bore 'no fault or negligence' and would seek a ban of between one and two years. Tennis was still reeling from all this when the ITIA dropped another bombshell in November by announcing Swiatek had accepted a one-month drugs ban. The four-time and then-reigning French Open champion was revealed to have tested positive for trimetazidine (TMZ) – commonly used to treat angina and other heart-related conditions – around a week before the US Open. Like Sinner, she was provisionally banned after the tournament but that sanction was not made public after she, too, appealed and convinced the ITIA she had a credible 'no fault or negligence' case. Her case focused on medication the Pole had been taking for 'jet lag and sleep issues', which she was able to demonstrate had been contaminated with 'low levels' of TMZ. She was found not to have taken all possible precautions to avoid contamination and was offered a one-month ban, most of which she had already served. She said on Instagram: 'I have a sense this situation could undermine the image I've been building for years, which is why I hope you will understand I had no control over it and could do nothing to prevent this unfortunate turn of events.' Kyrgios did not pull his punches when discussing the Sinner and Swiatek cases. 'Two world No 1s both getting done for doping is disgusting for our sport,' he said. 'It's a horrible look. Tennis integrity right now – and everyone knows it but no one wants to speak about it – it's awful.' Both Sinner and Swiatek were able to play at January's Australian Open – the former pending the outcome of Wada's appeal and the latter while waiting to hear if the agency would also seek to extend her own ban. Sinner went on to retain his title before striking a deal with Wada days later that would see him serve a three-month suspension. 'I have always accepted that I am responsible for my team and realise Wada's strict rules are an important protection for the sport I love,' he said. His ban provoked even more debate than his earlier exoneration. 'It's not a good image for our sport, that's for sure,' Novak Djokovic said. 'There's a majority of the players that I've talked to in the locker room, not just in the last few days, but also last few months, that are not happy with the way this whole process has been handled. A majority of the players don't feel that it's fair. A majority of the players feel like there is favouritism. It appears that you can almost affect the outcome if you are a top player, if you have access to the top lawyers.' Similar sentiments were expressed by Jessica Pegula and Britain's Liam Broady, while Kyrgios took to X to lament a 'sad day for tennis'. Three-time major champion Stan Wawrinka also posted: 'I don't believe in a clean sport anymore…' Daniil Medvedev, who Sinner beat in last year's Australian Open final, said: 'I hope everyone can discuss with Wada and defend themselves like Jannik Sinner from now on.' Tim Henman told Sky Sports the timing and duration of the ban seemed 'a little too convenient' and had left 'a pretty sour taste for the sport'. Serena Williams joked in a later interview with Time magazine that she would have been 'in jail if she had failed a drugs test like Sinner'. But she also added: 'If I did that, I would have gotten 20 years. Let's be honest. I would have gotten grand slams taken away from me.' Sinner has repeatedly responded to all this by stressing he is unable to control what people think or say. Neither he nor Swiatek have faced any public backlash from opponents or spectators since returning from their bans and neither have they suffered any discernible dip in form. Sinner reached his first French Open final last month, although he blew a two-set lead and three championship points in an epic defeat to Alcaraz. Swiatek has suffered agonising semi-final defeats at both the Australian and French Open but is the hot favourite to win her first Wimbledon crown on Saturday. She has not faced as many doping-related questions as Sinner, who was asked about his ban again after his Wimbledon first-round win over fellow Italian Luca Nardi. 'People kind of have forgotten already a little bit what happened,' he said. 'I have good relationships with more or less all [of the] players like I had before. Of course, in the beginning it was a bit different. People saw me in different ways. But I think they all saw that I'm a very clean player. I was never with intention to do anything bad. I always try to be the best I can, having a good team around me. That's exactly what I try to do in the future.'
