Victoria Beckham Continues to Face Huge Losses as Husband David Beckham Triples His Revenue Even Before $180 Million Qatar Deal

David Beckham is recognized as one of the best-ever soccer players to play the game. The English soccer star was deadly and electric during his prime years as a player. Over the years, David Beckham cracked some fantastic business deals. The English soccer legend has fixed sources of annual income for himself.

David Beckham reportedly increased his revenue by three times before cracking a $180 Million deal just before the FIFA World Cup. However, his wife, Victoria Beckham continues to face losses in her fashion wear and cosmetics business.

Is Victoria Beckham’s company still making losses?

As per The Mirror, Victoria Beckham Holdings Ltd made a tremendous loss of £5,887,036 in 2021. The number is still quite significantly high despite cutting down their losses from £8,581,944 in 2020. However, overall losses for Victoria Beckham’s company currently stand at £66.3 million.

Victoria Beckham expanded her luxury clothing business to better-suited parts markets like the Middle East and Europe. Surprisingly, the company grew its sales numbers from £36 million to £41 million. The directors of the company reportedly did not receive their share of dividends at the end of the year. The sales growth of the company was estimated at about 13%.

As per DailyMail, one of Victoria Beckham’s spokespeople said, “Whilst 2019 was a challenging year, the business halved its losses – a significant step in the road to profitability.”

The road has never been easy for Victoria Beckham. She established her business in 2019. In the first year itself, she suffered losses of about £4.7 million. In 2021, the losses started to plateau in a way but the company now owes over £46 million to its debtors.

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While the auditors still consider this company as a ‘significant doubt’ to continue, the former spice girl turned businesswoman is still pushing forward.

David Beckham – The Businessman

Just as 2022 ended, Bloomberg reported that David Beckham managed to triple his revenue just before signing a gigantic business deal to promote the FIFA World Cup. The former Manchester United legend tripled his revenue to about £34 million. This is due to his consistent and strategic approach toward investing in different businesses.

Beckham Brand Holdings Ltd., which currently owns Victoria Beckham’s venture, and DB Ventures Limited could afford to pay a healthy £6.3 million in dividends to the celebrity couple. A few weeks later, the couple received an additional dividend payment of £1.8 million.

According to Andrew Petcash, David Beckham is on his way to $1 billion. Some of Beckham’s best investments include establishing DB Ventures, their own holding brand for varied investments. Additionally, investing back in the sport by buying the MLS soccer team, Inter Miami for a mere $25 million in 2017.

The English soccer star is also active in a number of philanthropic endeavors. His own company, The Victoria and David Beckham Charity Trust is the best example. Beckham also serves as UNICEF’s ambassador.

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Do you like David Beckham the soccer player, or David Beckham the businessman better? Let us know in the comments below.