Andy Murray’s Multi-Million Pound Business Empire Boosted By 2016 Success
Andy Murray’s personal business has achieved over £5 million in profit, according to financial files at companies house.
77 Investments, named after Murray becoming the first British man to win Wimbledon for 77 years, is now worth over £22 million pounds according to The Scotsman. Out of that figure, 5.4 million were declared profit. It is reported that the amount has been generated with the help of property investments, sponsorship and merchandising deals.
Murray’s company also manages the Cromlix and Chez Roux hotel in Scotland. The 15-bedroom, five-star accommodation was recently shortlisted for an award of excellence. On Trip Advisor it has a 4.5 star approval rating based on 291 reviews. Out of those reviews, 82% rated the hotel as excellent.
As a reward for his business, Murray pocketed a ‘service fee’ of £2.2 million in 2016. £900,000 more than he did in 2015 (£1.3 Million). This is on top of the $16,327,822 in prize money that he earned during the same year.
The surge in profit has been aided by Murray’s success on the tour in 2016, which saw him rise to world No.1. Last year Murray won nine titles, including his second Olympic gold medal and his third grand slam title at Wimbledon. Elevating his appeal to those seeking to do business with him.
According to Forbes.com, Murray is the 40th highest paid athlete in the world in 2017 and the fifth highest paid tennis player with a value of $28.8M. The calculation is based on endorsements and earnings. Roger Federer is the highest paid player in the sport with $64M.
This season the 30-year-old hasn’t played a tournament since his quarter-final defeat at Wimbledon due to a hip injury. Currently ranked third in the world, it is unclear if the Brit will play any further tournaments in 2017 or follow in the footsteps of others and end his season early. Something Novak Djokovic, Stan Wawrinka and Kei Nishikori have all done.