Sir Andy Murray’s business empire skyrockets after his triumphant return to tennis
- The Scottish tennis ace’s company is now valued at over £21 million
- Murray’s success is attributed to merchandising and his comeback following a hip replacement
Sir Andy Murray’s business empire has reached a value of more than £21 million last year, according to recent figures.
The three-time Grand Slam champion’s earnings have soared since his return to tennis after recovering from injury and the impact of the Covid-19 pandemic.
Murray, aged 36, has accumulated substantial earnings through profitable merchandise and sponsorship deals, as well as property investments.
The latest financial records for his company, 77 Management, show a valuation of £21.4 million.
This represents a £900,000 increase compared to the previous year, when the company was valued at £20.5 million.
Sir Andy Murray boosted the value of his business after returning to action following a hip replacement
The company’s total assets, as per the accounts, amount to £22 million, including £10.2 million in a bank account, nearly £9.5 million owed by debtors, and a £2.3 million investment portfolio.
The accounts also reveal that the company has liabilities of almost £600,000 to creditors.
Murray rebranded the company from Parched Investments to 77 Management in honor of becoming the first British male in 77 years to win the Wimbledon tournament.
The London-based company also owns and operates the Cromlix hotel near Murray’s hometown of Dunblane, Perthshire.
Murray purchased the hotel in 2013 for nearly £2 million.
The three-time Grand Slam winner’s company controls the Cromlix hotel near Dunblane
The company, which employs two full-time staff members, paid nearly £96,000 in taxes during the year.
Between 2013 and 2019, the company’s value had risen from £10 million to over £26 million, but it had declined in recent years during Murray’s absence from playing.
However, it is believed that the money held in the company represents only a portion of Murray’s total net worth.
The Scottish athlete, who won Wimbledon and successfully defended his Olympic gold medal in the men’s singles in 2016, has a career prize money of approximately £50 million, earning £12.4 million in 2016 alone.
Murray has endorsement deals with tennis retailer Head and sportswear company Castore.
Previously, he had contracts with watchmaker Rado Switzerland and financial firm Standard Life.
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Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
