Steven Gerrard Loses Over £320 Million in Failed Angel Revive Venture

Steven Gerrard, the Liverpool legend and football manager, has incurred a substantial financial loss after investing over £370,000 in Angel Revive, a premium alkaline water company founded by his friend Mark Doyle. Despite a total investment of more than £2.5 million from Gerrard and other backers, the business was forced to close due to mounting debts exceeding £540,000, including nearly £400,000 in unpaid rent. Gerrard held a 25% stake in the company and has only recovered £50,000, leaving him over £320,000 out of pocket. Angel Revive sourced its water from a natural spring in Lancashire, claiming health benefits, but financial difficulties and declining operations led to its permanent closure. The company struggled with significant net liabilities over several years and eventually ceased operations, with its website and social media presence becoming inactive. Gerrard, who has since focused on his managerial career, including stints at Rangers, Aston Villa, and Al-Ettifaq, was also a brand ambassador for Angel Revive, which failed to achieve commercial success despite initial enthusiasm.