22.10.2021

David Beckham ‘pays himself £35,000 a day’

He retired from the beautiful game over four years ago.

Yet, David Beckham, 42, is still raking in the cash as it is reported that he still earns more than £1million a month after he withdrew a £12.7million salary from his image rights company in 2016, according to The Sun.

Earning a cool £35,000 a day, the father-of-four has enjoyed a number of profitable campaigns throughout the years since hanging up his football boots and is currently enjoying bankable deals with H&M, Adidas and Haig Club whiskey.  

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Cash: David Beckham, 42, is still raking in the cash as it is reported that he still earns more than £1million a month after he withdrew a £12.7million salary from his image rights company in 2016, according to The Sun

Cash: David Beckham, 42, is still raking in the cash as it is reported that he still earns more than £1million a month after he withdrew a £12.7million salary from his image rights company in 2016, according to The Sun

According to publication, David’s wages still put him amongst the top earners in the Premiere League with his estimated worth £165million while he has amassed dividends of £45million over the past five years.  

In light of his financial findings, David’s London-based Footwork Productions Ltd reported a £6.28million loss of sales in 2016, taking the company’s overall turnover from £14.3million to £8.02million.

According to Companies House records, his business has now £263,000 in assets in comparison to his weighty £7.21million in 2015. While the records also highlight that the former England footballer paid £1.43million in tax on his income. 

MailOnline have contacted David Beckham’s rep for comment. 

His earnings come his wife Victoria’s fashion brand was said to have filed a loss of £4.6million in January.

In comparison: His earnings come his wife Victoria's fashion brand was said to have filed a loss of £4.6million in January (Pictured in 2015)

In comparison: His earnings come his wife Victoria’s fashion brand was said to have filed a loss of £4.6million in January (Pictured in 2015)

Earnings: Earning a cool £35,000 a day, the father-of-four has enjoyed a number of profitable campaigns throughout the years since hanging up his football boots and is currently enjoying bankable deals with H&M, Adidas and Haig Club whiskey

Earnings: Earning a cool £35,000 a day, the father-of-four has enjoyed a number of profitable campaigns throughout the years since hanging up his football boots and is currently enjoying bankable deals with H&M, Adidas and Haig Club whiskey

The Sun reported at the time that the Spice Girl-turned-design guru made the substantial loss atop borrowing an eye-popping £6.7million from husband David’s businesses.

News of her financial strife comes just days after it was revealed she was formally warned the business could be closed down after failing to file its accounts on time. 

Victoria, who set up her firm in 2008, recorded profits of £36.5million in 2015, yet it was reported in March last year that David transferred £5.2million to the company.

The newspaper reveal his company DB Ventures posted a £44million profit on Saturday, the details of which note ‘a £3million pledge – along with Beckham Brand Holdings Ltd, to secure the banking arrangements of Victoria Beckham Ltd’. 

The paperwork went on to reveal the exact sum owed by Victoria to David’s company: ‘At the balance sheet date, the amount owed by Victoria Beckham Limited was £6,671,744.’

Reports: The Sun reported at the time that the Spice Girl-turned-design guru made the substantial loss atop borrowing an eye-popping £6.7million from husband David's businesses (Pictured in 2016)

Reports: The Sun reported at the time that the Spice Girl-turned-design guru made the substantial loss atop borrowing an eye-popping £6.7million from husband David’s businesses (Pictured in 2016)

Profits: Victoria, who set up her firm in 2008, recorded profits of £36.5million in 2015, yet it was reported in March last year that David transferred £5.2million to the company

Profits: Victoria, who set up her firm in 2008, recorded pro
fits of £36.5million in 2015, yet it was reported in March last year that David transferred £5.2million to the company

Despite the reports, a representative for Beckham Brand Holdings told MailOnline: ‘This misrepresents how their businesses operate.

‘There is a private holding company, (Beckham Brand Holdings Ltd), owned equally by Victoria, David and Simon Fuller’s XIX, which oversees all the Beckham businesses which reports a substantial profit for 2015.

‘These businesses may be funded in different ways at any point in time, which may entail a mixture of bank debt, intercompany loans or equity investment.’

Victoria is said to be the highest paid director on the accounts, with a salary of £700,000, while the rest of the employees’ salaries amassed to £7.3 million.

In December 2016, The Daily Mail’s Sebastian Shakespeare reported that Victoria’s fashion label was formally warned it could be closed down after failing to file its accounts on time.

Statement: Despite the reports, a representative for Beckham Brand Holdings told MailOnline: 'This misrepresents how their businesses operate. There is a private holding company, (Beckham Brand Holdings Ltd), owned equally by Victoria, David and Simon Fuller¿s XIX, which oversees all the Beckham businesses which reports a substantial profit for 2015.

Statement: Despite the reports, a representative for Beckham Brand Holdings told MailOnline: ‘This misrepresents how their businesses operate. There is a private holding company, (Beckham Brand Holdings Ltd), owned equally by Victoria, David and Simon Fuller’s XIX, which oversees all the Beckham businesses which reports a substantial profit for 2015.

Shakespeare revealed that Victoria Beckham Ltd, was formally warned that it could be closed down for failing to file its accounts on time for the third year running.

The business was served with a ‘notice of compulsory strike-off’ by Companies House on December 6. ‘Unless cause is shown to the contrary,’ the letter said, ‘Victoria Beckham Limited will be struck off the register and the company will be dissolved,’ by February 5.

It then informed Victoria and her fellow directors that the company, which enjoyed a turnover of more than £34 million in 2014, and all its property would then ‘belong to the Crown’.

It was revealed that it was not only Victoria Beckham Ltd which was due to be closed – Beckham Brand Holdings Ltd was also served with a strike-off notice, on December 13.

Notice: It was revealed that it was not only Victoria Beckham Ltd which was due to be closed - Beckham Brand Holdings Ltd was also served with a strike-off notice, on December 13

Notice: It was revealed that it was not only Victoria Beckham Ltd which was due to be closed – Beckham Brand Holdings Ltd was also served with a strike-off notice, on December 13

BBHL, established in 2014 with her former England captain husband, David, as a director, had a turnover of £51.5 million that year.

Victoria Beckham Ltd was established in 2014 with David as a director. The company had £34 million turnover but it registered a profit of only £1.23 million.

Despite the turnover of Victoria Beckham Ltd, it registered a profit of only £1.23million. The business moved into the black thanks to more help from her husband, without which the company would have made a near £4 million loss.

A friend of the couple insisted that it is merely an administrative problem.

The friend says the accounts for both companies have been audited and signed off by their boards: ‘They have been sent to Companies House, but I understand that there is a backlog. There are no financial problems. This late filing has not impacted the business in any way.’

Accounts: Victoria Beckham Ltd was established in 2014 with David as a director. The company had £34 million turnover but it registered a profit of only £1.23 million (Pictured in 2016)

Accounts: Victoria Beckham Ltd was established in 2014 with David as a director. The company had £34 million turnover but it registered a profit of only £1.23 million (Pictured in 2016)

Helping hand: Despite the turnover of Victoria Beckham Ltd, it registered a profit of only £1.23million. The business moved into the black thanks to more help from her husband, without which the company would have made a near £4 million loss. A friend of the couple insisted that it is merely an administrative problem

Helping hand: Despite the turnover of Victoria Beckham Ltd, it registered a profit of only £1.23million. The business moved into the black thanks to more help from her husband, without which the company
would have made a near £4 million loss. A friend of the couple insisted that it is merely an administrative problem

 

 

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