He may have hung up his boots but David Beckham’s still raking in the moolah.
The three companies at the centre of David and Victoria Beckham’s empire have posted combined profits of more than £4m, according to newspaper reports that have examined the couple’s Companies House accounts.
And one of the directors of David Beckham’s Footwork Productions has received a £14.1m pay-out in the last financial year. This is widely thought to be David Beckham. The other company directors are Victoria Beckham, her father Tony Adams and their lawyer Andrew Thompson.
Beckham Ventures, which is the parent company of Victoria Beckham’s clothing label, saw sales increase from £6.8m to £15.4m last year.
David Beckham’s Footwork Productions saw sales grow 8% to £16.5m last year, generating a £390,500 profit.
That company reported a £14.4m “administrative expenses”, which ia made up largely of a £14.1m pay-out to the highest-paid director.
Investment vehicle XIX Management, which belongs to the couple’s manager Simon Fuller, owns one-third stake in Beckham Ventures and another sister company, Beckham Brand.
Beckham Ventures made a pre-tax profit of £2m last year, up from a £2.1m loss in 2011.
- Follow us @LondonlovesBiz
- Try our free newsletter
You need to read:
Leave a Comment