Published Monday, 07 October 2013
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Gillespie, who during his 20-year career played for Manchester United under Sir Alex Ferguson, said he is back on his feet again after having claimed bankruptcy in 2010.
Launching his autobiography, How Not to be a Football Millionaire, the 35-year-old told UTV: "The most I lost was £47,000 in one day, I call that chapter Black Friday in my book because it was the most painful day.
"We sat down with my agent one day and we worked out the wages of what I'd accumulated over the years and it came to £7.2m. But I'm over that now."
He said he thought the signs are good that Manchester United's season has turned a corner.
United recovered from successive Premier League defeats to win 2 - 1 at Sunderland on Saturday.
And David Moyes is undoubtedly the man to take United forward according to Gillespie who played for the club under Sir Alex between 1993 and 1995.
"It's very early days and it was always going to be difficult, replacing someone like Alex Ferguson is no easy task," he said.
"Ferguson obviously had a lot to say on who was manager and if he thought David Moyes was the right man, then we won't argue with him."
Gillespie added that manager Michael O'Neill was doing a good job with the Northern Ireland team.
"Michael's doing a great job and I think performances have been pretty good throughout the campaign.
"You look at the Russia game and the Portugal game, you're playing against two big nations and they really raised their game but obviously going to Luxembourg and losing was a disaster.
"It's strange, why we can do it against big nations but we soon fall away against the minnows of the world."
He admits the book has provided some closure for him.
"I've been involved with Man Utd since I was 13 years of age, so I've been involved in football for 25 years now so there's a lot of time there and a lot of stuff to write about."
© UTV News