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Sir Andy Murray boosted the value of his business empire to more than £21 million last year, new figures have revealed.

The three-time Grand Slam winner’s earnings have increased after he returned to action following injury and the Covid-19 pandemic.

Murray, 36, 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 £21.4 million.

That represents an increase of £900,000 from the year before when the value of the firm was £20.5 million.

Sir Andy Murray boosted the value of his business after returning to action following a hip replacement  

The latest accounts show the firm has total assets of £22 million which include £10.2 million held in a bank account, almost £9.5 million owed by debtors and a £2.3 million investment portfolio.

The accounts, which cover the period up to December 31 2022, state the company owed almost £600,000 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.

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 three-time Grand Slam winner’s company controls the Cromlix hotel near Dunblane

The firm, which has two full-time employees, paid almost £96,000 in tax during the year.

Between 2013 and 2019 the value of the company had risen from £10 million to more than £26 million but it had dropped in recent years while Murray was sidelined from playing.

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 has endorsement deals with tennis retailer Head and sportswear firm Castore. 

He previously had contracts with watchmaker Rado Switzerland and financial firm Standard Life.

In January 2019, he announced that he planned to retire from the sport due to injury but made a return to action following a hip resurfacing operation.

Murray, who is competing at the Shanghai Masters this week, has also branched out into sports management and is mentoring a number of budding stars including tennis players, footballers and athletes.

Content source – www.soundhealthandlastingwealth.com

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