Sports

David Beckham lands $51 million payday after record year

By James Warrington

Copyright brisbanetimes

David Beckham lands $51 million payday after record year

Sir David Beckham is in line for a $US34 million ($51 million) payout after advertising tie-ups with the likes of Stella Artois and Hugo Boss delivered a record year for his brand.

DRJB Holdings, the holding company that oversees the former footballer’s separate brand and TV production business, paid dividends of $US75.7 million to shareholders including Sir David, according to newly-filed accounts.

The former Manchester United star, who was knighted this year for services to sport and charity, is entitled to 45 per cent of the payout through his company Footwork Productions, which owns a minority stake in DRJB Holdings.

The remaining 55 per cent goes to US sports branding giant Authentic Brands, which bought a portion of DRJB Holdings for $US269 million three years ago. It will also receive a separate $US5.6 million dividend because it owns preference shares.