Becks Nets More Millions without Kicking a Ball; ACCOUNTS REVEAL STAR'S U3.5m INCOME FROM ROYALTIES AND SPONSORSHIP
Prynn, Jonathan, The Evening Standard (London, England)
Byline: JONATHAN PRYNN
HIS WIFE'S recording career may be faltering, but the finances of David Beckham plc are surging from strength to strength.
The Manchester United and England midfielder, who has just filed his personal company accounts, saw his non-football income rise 15 per cent from u3.07 million to u3.53 million in the year to end April 2002.
That figure, revealed in the accounts for Footwork Productions, of which he is the sole director and shareholder, come on top of his Manchester United contract, now worth an estimated u4.5 million a year.
The combined on and off-field earnings figure of u8 million almost certainly substantially underestimates his total current income. He also jointly owns a separate company with his wife Victoria, called Yandella, which has yet to file its 2002 numbers.
The accounts show Beckham, 27, paid himself a salary of u2.29 million last year, up slightly from the u2.16 million of dividend and salary he paid himself in the previous year.
The huge increase in his wealth comes as Victoria's high-earning days come to an end. Her last solo album sold 50,000 copies - compared with 15 million for a Spice Girls album - and all her solo efforts so far have brought in only u250,000 of royalties. The 28-year-old split from Virgin Records last year and so far talk of a Spice Girls reunion tour has come to nothing.
The accounts reveal the sheer breathtaking scale of the daily personal finances of the Beckham household, headed by a couple said to be worth close to u50 million. The current bank account of the sole director (Mr DRJ Beckham) was u279,393 in credit. The Footwork accounts also reveal the huge scale of his tax bill with more than u1.5 million owed in national insurance and income tax by the end of January. …