4 Bizarre David Beckham Tripled Revenues to £34 Million Facts You Need to Know

    Bloomberg News reports that David Beckham tripled their revenues. And what were the sources that made it happen? His revenues tripled from the investments and brands to £34 million, equivalent to $40.9 million in 2021. It happened before he signed a controversial sponsorship deal for promoting Qatar before World Cup football. 

    The player received a lot of criticism from many quarters for promoting Qatar. This is because there has been an outcry related to the treatment meted out to the migrant workers and the human rights record. Many critics called on the retired footballer to donate fees to LGBTQ charities since homosexuality is not legal in the Gulf state and footballer is quite popular in the gay community. 

     




    Db Ventures Ltd Records

    Beckham has also lent his brand to promoting Adidas and Diageo’s Haig Club Whisky products. Records indicate that profits after tax at DB Ventures Ltd escalated last year to £19.6 million, a surge from £10.6 million in 2020. 

    Effect on Fashion Business

    Beckham Brand Holding Ltd, the holding company, belonging to David and his wife and which owns DB Ventures Limited as well as the fashion business of Victoria Beckham, shelled out £6.3 million as dividends to the star couple. This sharply contrasted with £7.1 million, which was paid to them in 2020. Bloomberg News also reports that a further £1.8 million was paid following the reporting period. 

    The Fashion Business Narrows Losses

    The fashion business of former Spice Girl narrowed the operating losses recording the figure at £3.9 million from £6.8 million at the time of building revenue from the fashion brand of Victoria Beckham aside from beauty products by 13%. 

    Marie LeBlanc de Reynies, the chief executive officer of the business, recorded an improvement in the current year. It was also recorded that the couple hopes for consistent growth in its beauty products aside from its launch of the leather goods business in 2022. 

     



    RELATED ARTICLES

    Tesla’s Cheapest Cybertruck

    Tesla’s Cheapest Cybertruck Will Cost $60,990 in 2025

    Bloomberg News reports that after two years of delay and production glitches, Tesla Inc. has...
    JPMorgan’s S&P 500

    JPMorgan’s S&P 500 2024 Outlook Grimmest on Wall Street

    Bloomberg News reports that as the strategists on Wall Street are calling for an all-time...
    Fed Will Cut Interest Rates

    Fed Will Cut Interest Rates as Soon, Predicts Bill Ackman

    Bloomberg News reports that Bill Ackman, the billionaire investor, bets that the Federal Reserve will...
    AI Startup

    AI Startup of Google Raises $24 Million for Biotech Work

    Bloomberg News reports that the European biotech startup Cradle has raised as much as $24...
    Quantum Computing Lab

    Quantum Computing Lab Shut by Alibaba in Sign of Broader Cutback

    Bloomberg News reports that Alibaba Group Holding Ltd. has shuttered its quantum computing lab for...
    Water Damage Repairs

    Don’t DIY Water Damage Repairs to Your Business

    If your workplace ever suffers from water damage, you might be tempted to start fixing...
    women ipl

    Women IPL Sensation Shreyanka Patil: From Fan to Champion

    In a cricketing universe usually ruled by dudes, Shreyanka Patil, the rookie wonder for Royal...
    Monetize Magnet

    Monetize Magnet Review – The Best Crypto and Forex CPA Network

    In today's world, cryptocurrency has reached new heights, expanding continuously and providing online earning opportunities...
    celsius drink

    Celsius Drink – What Is It and How Safe Is It?

    These days, you must come across your social media feeds with an advertisement for a...
    low porosity hair

    Low Porosity Hair Problem? Slay Locks with Moisture Miracle

    Have you ever experienced your hair being stubbornly resistant to moisture? That's low porosity hair...
    Business Cards

    Unlocking the Power of Business Cards: Networking Essentials for Success

      Table of Contents Introduction The Evolution of Business Cards Why Business Cards Still Matter Designing...