Tennis star Sir Andy Murray’s earnings dipped following his hip injury but his company still has more than £25million in the bank.
Figures reveal the value of the three-time Grand Slam winner’s business empire fell slightly during the period when he was sidelined.
Murray, 32, has coined in millions through a string of lucrative merchandising and sponsorship deals as well as property investments. He has a tie-up with tennis retailer Head and sportswear firm Castore. He previously had contracts with watchmaker Rado Switzerland and financial firm Standard Life.
Accounts for his company 77 Management – which cover the period up to December 2018 – show it is valued at £25,023,198. That
represents a drop of almost £70,000 from 2017. The company had declared pre-tax profits of £5million for 2017 but did not publish profit figures for 2018 as its turnover was less than £10.2million.
The accounts show the firm had total assets of £27.9million.
It included £16.4million held in a bank account, more than £9million owed by debtors and a £2.4million investment portfolio.
The accounts also state the company owed £2.9million to creditors.
Murray changed the name of the company from Parched Investments to 77 Management to mark his achievement in becoming the first British male in 77 years to win Wimbledon.
He owns the Cromlix Hotel near Dunblane.
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