The Beckhams needn’t feel too glum at the end of what has sometimes been a turbulent year.
Figures slipped out just before the festive break reveal David and Victoria can celebrate plenty of business success, despite rumours of marital disputes and struggles at her fashion firm.
Beckham Brand Holdings raked in £47million profits for the last financial year, way up on the previous year’s earnings of £21million. The business — a parent company for various other ventures — also boasts a hefty £21million in cash reserves.
So it could be a very merry Christmas after all for the couple. Alongside David and Victoria, the company’s third shareholder is XIX Management, controlled by long-time business partner Simon Fuller, former manager of the Spice Girls.
Each of the trio got a hefty payout of £18.75million — just about enough, perhaps, to make Posh crack a smile.
The payouts come on top of David’s other business Footwork Productions, which paid the former England skipper a £5.8million dividend for the past 12 months. That was DOWN by £7million from the year before.
Earlier figures show Victoria’s fashion firm had suffered a major financial hit, however, losing £10.2million in the last financial calendar — on top of an £8.2million loss a year earlier.
Those losses took her total deficit since 2013 to more than £30MILLION. But the 44 pages of new paperwork don’t dwell on that for long.
Instead, the document insists the group’s main objectives were achieved, adding: “In November 2018, Victoria Beckham was honoured with the Fashion Icon Award at the E! People’s Choice Awards in Los Angeles and was nominated British Designer of the Year (Womenswear) at the 2018 British Fashion Awards.”