Liam Gallagher’s now defunct clothing range Pretty Green reportedly owes creditors close to £16million.
The former Oasis frontman launched the exclusive brand in 2009 but it was plunged into administration in 2019.
Sports giant JD Sports bought the brand the same year to try and rescue its fortunes.
But, according to latest Pretty Green company paperwork uncovered by The Sun, creditors will only be given a share of £133,751.
A report by administrators filed to Companies house said: “The administrators have received claims totalling £13,188,853 from 172 creditors in respect of Pretty Green Ltd.
‘The administrators are yet to receive claims from 108 creditors whose debts total £2,541,836.
“Based on current information, and in accordance with the information available at the time of the Proposals, the Joint Administrators do not anticipate there being sufficient funds to enable a dividend to be paid to the unsecured creditors other than by virtue of the Prescribed Part.”
Liam, now a successful solo artist in his own right, launched the trendy brand a decade ago to replicate his own eclectic sense of style.
And at first the brand was a big hit with his army of supporters, many of whom tried to look the star in trademark parkers and Indie beanie hats.
His incredible success with brother Noel in Oasis shot the singer to worldwide fame.
But poor sales and debts forced the menswear brand to close and even special advisors brought in to boost sales didn’t work.
However, despite the company’s troubles its flagship store in Manchester will remain open.
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Liam, whose net worth is believed to be £5.7million, was once thought be worth as much of £38.4million.
However, a costly divorce with former wife Nicole Appleton, the All Saints singer, saw his fortune dwindle.
But Liam took to Twitter to reveal in February 2020 that he and his brother Noel has been offered a £100milllion to reform the band.
“We’ve been offered 100 million pounds for a tour still not enough for the greedy soul oh well stay young LG,” Liam tweeted.
(Image: PA)
Liam recently revealed he is desperate to perform live again after the gigs and festivals around the world were cancelled because of the coronavirus pandemic.
Responding to one fan on Twitter who asked Liam what he missed the most about gigs, the iconic hitmaker admitted: “The people and the music”.
Source: Celebrities - dailystar.co.uk
