Home / Entertainment / PAYBECK TIME David Beckham slashes wages from his company by £7million after Posh’s firm loses £30million

PAYBECK TIME David Beckham slashes wages from his company by £7million after Posh’s firm loses £30million

The football legend has cut his pay from £12.7million to £5.8million at Footwork Products which channels the money he gets from endorsements

DAVID Beckham has slashed the pay he gets from one of his firms from £12.7million to £5.8million.

Becks, 43, got the cash from Footwork Productions, a company he set up in 1996 and which channels all the money he gets from endorsements. It includes cash from his lucrative deals with multi-national sportswear brands such as Adidas.

Documents filed with Companies House yesterday show that Beckham paid himself the £5.8million for the year ended December 31, 2017.

But they also say that he took an additional £1.1million after the original balance sheet had been compiled.

After his payout, the company was left with just £326,740 in shareholders’ funds.

The cut comes after it was revealed that Becks had to bail out Victoria’s company after her loss.

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