SIR Andy Murray saw the value of his business empire fall by more than £1million last year, new figures have revealed.
The three-time Grand Slam winner’s earnings dipped in his final months as a tennis player before retiring from the sport.
Andy Murray of Great Britain watches Novak Djokovic of Serbia play Sebastian Korda[/caption]
A GV of Cromlix Hotel[/caption]
Murray, 37, has earned huge sums through a string of lucrative merchandising and sponsorship deals as well as property investments.
Latest accounts just published for his company 77 Management show that it is valued at £20 million.
That represents a drop of £1.4 million from the year before when the value of the firm was £21.4 million.
The latest accounts show the firm has total assets of just over £20 million which include a £12.1 million investment portfolio, £7.7 million owed by debtors and 720,000 held in a bank account.
The accounts, which cover the period up to 31 March 2024, state the company owed £216,000 to creditors.
Murray changed the name of the company from Parched Investments to 77 Management to mark him becoming the first British male in 77 years to win Wimbledon in 2013.
The London-based company also controls the Cromlix hotel near his home town of Dunblane, Perthshire.
Murray bought the hotel in 2013 for almost £2 million.
The firm, which has one full-time employee, paid almost £42,000 in tax during the year.
At the height of Murray’s career the business was worth more than £26 million but it has dropped by £6 million over the last five years.
Murray’s appearances on the court were limited in the final years of his career as he struggled with a series of injuries.
The money held in the company is thought to represent only part of Murray’s total net worth.
The Scot, who won Wimbledon and defended his Olympic gold medal in the men’s singles during 2016, has career prize money totalling around £50million, taking home £12.4million in 2016 alone.
Murray hung up his racket after competing for Team GB at the Paris Olympics last summer following a glittering career.
He has since taken up a role coaching long-time rival Novak Djokovic on the tennis tour.
He also recently became an ambassador for golf club manufacturer Callaway after taking up the game following his retirement.
He even changed his profile description on X to “I played tennis. I now play golf”.
Murray has got his handicap down from seven to two in a matter of months and is aiming to become a scratch golfer.
Murray’s mum Judy, 65, said he needed something to keep his competitive streak flowing after retiring from tennis last summer.
Speaking on the Putt and Strut podcast last month, she said: “He’s only been retired a few months and he went straight into golf.
Andy Murray is back in action on the coaching arena[/caption]
“He absolutely loves it.
“He has got his handicap to two now and his goal is to get to scratch.
“He has been playing with Gareth Bale on a reasonably regular basis at different clubs so I think he’s going to get a lot of enjoyment out of it.
“He would always have needed something to fill that competitive void that the tennis circuit created.”
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