Ryan Giggs's restaurant venture has collapsed with outstanding debts totalling 563,600 that creditors will never recover.George's Dining Room and Bar, the Worsley establishment that ceased trading last year, lacks the funds to settle its financial obligations, newly filed documents reveal.The liquidators handling the failed business have confirmed that those owed money will receive nothing."There will be no dividend to the creditors. There have been insufficient realisation with which to pay the liquidators," the administrators stated, per The Sun.TRENDINGStoriesVideosYour SayThe 52-year-old former Manchester United midfielder's dining establishment has left a trail of unpaid bills across multiple categories.The venue's financial difficulties extend to owing 22,000 to the very liquidators appointed to wind up its affairs.Tax authorities are among those left empty-handed, with 75,616 in unpaid duties remaining on the books.Banking institutions face losses of 44,095 from loans and overdraft facilities extended to the business.Staff members who worked at the establishment are owed 28,302 in wages and related payments.Giggs himself has suffered significant personal financial damage, having invested his own money into the venture. LATEST SPORTS NEWS:Alan Shearer fears Premier League manager will lose job after worrying signsFootball pundit slams 'petty' and 'pathetic' FA after being hit with ground banStan Moody gutted after nightmare collapse on World Snooker Championship debutThe former Wales international is now 99,925 worse off following the restaurant's demise.Giggs launched the Greater Manchester eatery back in 2014 alongside childhood friends Kelvin Gregory and Bernie Taylor.The trio had known each other since their school days before embarking on the hospitality venture together.Despite the business setback, the former winger has remained active in football circles.He recently travelled to South Korea for an exhibition match featuring former Red Devils stars against a Suwon Samsung Legends side at the Suwon World Cup Stadium.The fixture brought together United icons including Rio Ferdinand, Nemanja Vidic and Dimitar Berbatov. Eric Cantona took charge as manager with Mike Phelan assisting, though the legends team fell to a 1-0 defeat.As a player, Giggs' Premier League career was unparallelled.He won 13 league titles while playing under Sir Alex Ferguson, while he also helped the Red Devils win the Champions League in 1999 and 2008.Giggs retired from football in 2014 after a turbulent season under David Moyes. He hoped to become United manager in 2016, only for the club to opt for Jose Mourinho instead. Our Standards: The GB News Editorial Charter