Beckham scores off the pitch
March 3, 2004
By The Independent
London - David Beckham continued his winning streak off the pitch last year, increasing his earnings from sponsorships and advertisements by 148 percent.
Figures filed this week at Companies House for Footwork Productions show that the Real Madrid "galactico" generated £8.7 million (R107 million) in commercial activities, providing him with a pay packet of £5.5 million in the year to April 2003.
He also took a dividend from the business worth £1.2 million, bringing his total earnings from non-football activities to £6.7 million for the year.
These earnings were on top of his salary at Manchester United. Since the figures were compiled, the midfield star has moved to Spain and it was announced last October that he would not be taking on any new commercial activity.
However, the accounts for Footwork Productions, formed to handle his commercial work, show that advertising and sponsorship deals with Vodafone, Adidas, Marks & Spencer and Pepsi are likely to keep Beckham's bank account in a healthy state for some time to come.
Of the £8.7 million Footwork Productions revealed as turnover, £6.9 million went on "administrative expenses".
The notes to the accounts reveal that the company paid the director a remuneration of £5.5 million, compared with £2.8 million in 2002.
Beckham was the sole director of the company, as well as the only shareholder.
After the end of the financial year Beckham stood down as a director and was replaced by his wife, Victoria, and Andrew Thompson, a lawyer.
The company's accounts show that after administrative expenses it made a pretax profit of £1.8 million. They reveal that Beckham's current account had a credit of £451 399.
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