David Beckham’s DB Ventures hit by Covid travel restrictions

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David Beckham generated less income from global sponsorship deals as pandemic travelling restrictions weighed on revenue generated by his brand management company.

DB Ventures receives payments from Beckham’s brand tie-ups, which include Adidas, AIA, the life insurer, and Tudor, the watch brand. The business is owned by Beckham, 47, and his wife Victoria Beckham, 48. The business generated revenue of £11.4 million in 2020, down from £12.7 million in 2019, despite signing new deals with brands including Electronic Arts, Panini and F45.

However, a reduction in costs and £6.2 million in income from Seven Global, Beckham’s second brand management business, which he took full ownership of in July last year, meant that profits rose to £10.6 million, from £9 million in 2019.

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