David Beckham 'hands over millions to save Victoria's fashion line from £3.8million loss'
Posted Sunday, March 13, 2016 by Dailystar.co.uk
GOLDEN balls David Beckham has allegedly got his wife Victoria Beckham out of the red after her clothing line made a loss of £3.8million last year.
BAILOUT: David has reportedly put money in to save Posh's business
David has reportedly given £5.2million towards Victoria's clothing line called Victoria Beckham.
The ex Manchester United footballer has helped out in a scheme described as "discounted operations".
According to reports, Posh, 41, who has her own store in Mayfair for two years, made a turnvover of £34m in 2014 but her shop cost £3m.
LOSS: Allegedly Victoria Beckham has made a loss of £3.8m
Chartered accountant and tax lecturer Robert Leach told The Sun: "The accounts suggest it is a transfer of operations between companies owned by Victoria and David. In effect the couple are simply moving the profits between themselves."
The Director's Report also said: "The contracts held by the company relating to the David Beckham brand were transferred during the year to DB Ventures Ltd, a sister company of David Beckham Brand Holdings Ltd which is focused on exploiting the David Beckham brand."
While Victoria’s company made a net loss, David’s companies made £12.7m profit, with his total earnings reaching £50.8million last year according to Forbes magazine.
TALENTED: Posh was named Designer of the Year at the British Fashion Awards
WING BENEATH MY WINGS: They've had each other's backs since 1999
At the end of last year, figures revealed David and Victoria Beckham’s second careers have proved more lucrative than their first.
Coincidentally the ex Spice Girl was named designer brand of the year of the British Fashion Awards.
But with their combined earnings, we doubt there's any immediate danger of seeing Posh's clothes disappearing anytime soon.
Photos
More»
'World Cup's sexiest fan' reveals she WILL be heading...
Saturday May 18 2024
Real star Endrick banned from having VIRTUAL lover
Saturday May 18 2024
Mikayla Demaiter took social media by storm once more
Friday May 17 2024
Your Say