- Steven Gerrard was a brand ambassador for alkaline water brand Angel Revive
- After struggling for years, the business has closed down with a £542,220 debt
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Steven Gerrard is licking his wounds after a business he invested in heavily was forced to close in mountains of debt.
The Liverpool legend and fellow investors reportedly pumped £2.5million into his friend’s water company, as per the Sun.
But now Angel Revive alkaline water has been forced to close after years of financial struggles and accounts on Companies House show a £542,220 debt. Almost £400,000 of that is in unpaid rent.
Gerrard held a 25 per cent stake in the firm – investing £371,524 – and has reportedly had £50,000 of his money back, but is still missing lots. He was also a brand ambassador.
Angel Revive was founded in 2016 by Mark Doyle and Gerrard has previously called it ‘the superhero of waters in purity, nutrition and healthiness’.
The water was sourced from a spring in rural Lancashire and its website said it ‘naturally contains minerals and electrolytes that promote wellness for the body’, helping to maintain an ‘optimum pH balance’.
Steven Gerrard and investors reportedly pumped £2.5m into Angel Revive but it has closed
The Liverpool legend was a brand ambassador for the water company, helping out a friend
Mark Doyle (left) founded Angel Revive after coming across a spring in his back garden
However, the business is now listed as ‘permanently closed’ on Google and the link to its website on Instagram leads to a ‘domain misconfigured’ page.
Angel Revive did manage to amass a following of more than 34,000 users on Instagram but has not posted since December 2021.
The company was reported to be in around £1m of debt in October 2020.
The water originated from an aquifier in Mawdesley, Lancashire, with reports going back to the 1700s of its healing benefits.
Doyle previously said: ‘Our spring and its water have been the subject of numerous reports and commentary since Elizabethan times as to the curative benefits of water.
‘However we do not claim our water can heal you – the belief is your own.
‘For unknown reasons the spring had been covered over and buried for over a century until its history and benefits were brought to the attention of the current landowner.’
Doyle had initially come across the natural spring in his back garden and brought in an excavator to find the source, before extracting and bottling it for sale.
Gerrard has been out of work since leaving Saudi Arabian side Al-Ettifaq in January
He is reportedly shortlisted for the Rangers job, having won the title there in 2020-21
Gerrard featured in a Liverpool Legends fixture at Anfield against Chelsea Legends in March
Gerrard will be on the hunt for his next opoportunity having left Saudi Arabian side Al-Ettifaq in January.
He is one of four former Premier League bosses who have been shortlisted for the Rangers job, according to The Telegraph. Philippe Clement was sacked in February and Barry Ferguson has been in interim charge.
Gerrard led Rangers to the Scottish Premiership title in 2020-21, winning 32 of 28 league games, going unbeaten, and only conceding 13 goals in the process.
However, since then, his stints with Aston Villa and Al-Ettifaq have been more of a mixed bag.
