Lord’s Cricket Ground, West Ham, EY among creditors owed £190m by Brewdog

Lord's Cricket Club, West Ham United, and accounting firm EY are among the major creditors owed £190 million by Brewdog, as reported by their administrators AlixPartners. Brewdog, a craft beer firm, has collapsed, leaving its unsecured creditors with an outstanding debt of £189.9 million, which will not be fully repaid. The administrators note that there are insufficient funds to settle the group's debts in full, which encompass unpaid wages, taxes, and overdue bills owed to various businesses.

Marylebone Cricket Club (MCC), based at the historic Lord's Cricket Ground, holds the largest debt of £420,000 from Brewdog. In March, MCC terminated its partnership with Brewdog after only one season. Brewdog owes over £2.9 million to Ardagh Metal Packaging, a metal can supplier, and £360,000 to accounting firm EY, which also audited the company.

Championship football club West Ham United owes £12,000 to Brewdog. Brewdog's official beer partnership with West Ham United allowed Hammers fans to enjoy the brew on matchdays and receive a 10% discount on the company's online store.

Meta, the tech firm behind Facebook and Instagram, is among Brewdog's biggest creditors, owing £120,574. Brewing giants Molson Coors and Heineken are also owed £98,386 and £7,914, respectively, by Brewdog. Brewdog's closure has left UK supermarkets Tesco and Sainsbury's facing debts of £3,862 and £5,270, respectively. The collapse of Brewdog resulted in the closure of 38 of its pubs and the loss of 440 jobs, despite the brewery starting the UK's craft beer movement with its founders, Watt and Martin Dickie, in 2007.

Tilray acquired Brewdog for £33 million earlier this year, bringing the end of a dramatic downfall for the once £1 billion-valued firm. However, Tilray did not acquire most of Brewdog's bars, leaving 38 pubs closed and 440 employees jobless. The firm's "equity punk" investors, who bought small stakes in exchange for beer-related perks, received no return on their investments, prompting Watt to seek to regain their confidence by offering free stakes in his recent ventures.