Sir Alex Ferguson’s firm, ACF Sports Promotions Ltd, continues to thrive financially, earning £1.6 million last year. This success comes more than a decade after the legendary former Manchester United boss retired. The total assets and investments of ACF now stand at an impressive £24.3 million, showing the enduring power of Ferguson’s brand and influence in the sporting world.
ACF is categorized as being involved in “other sports activities,” and Ferguson has been able to generate significant income through various ventures since leaving his managerial role at United in 2013. These include book deals, speaking engagements, and personal appearances. His sons Mark, Darren, and Jason are also directors of the company, along with his late wife, Lady Cathy, who sadly passed away in October 2022 at the age of 84.
The financial statement filed by ACF reveals that the company has cash reserves of £5.1 million and paid £188,832 in corporation tax. Additionally, it holds nearly £2 million worth of heritage assets, consisting of football memorabilia displayed in museums and universities. These assets not only have sentimental value but also contribute to the overall value of ACF.
However, the statement also notes that ACF is currently under investigation by HM Revenue and Customs (HMRC) regarding its tax affairs for the years 2016-17 to 2019-20. The company’s legal advisors are actively engaging with HMRC to reach a resolution on these matters.
The continued success of Sir Alex Ferguson’s firm is a testament to his enduring popularity and influence in the world of football. Despite retiring from management, his brand and legacy continue to attract lucrative opportunities. This financial stability allows him to maintain his involvement in the sport and contribute to its preservation through his extensive collection of football memorabilia.
Furthermore, the ongoing HMRC enquiry highlights that even successful individuals like Ferguson are not immune to scrutiny from tax authorities. It serves as a reminder that adherence to tax regulations is essential for individuals and businesses alike, regardless of their stature or reputation.
In conclusion, Sir Alex Ferguson’s firm, ACF Sports Promotions Ltd, has achieved remarkable financial success, earning £1.6 million last year and amassing total assets of £24.3 million. Despite retiring from his managerial role at Manchester United, Ferguson’s brand and influence continue to generate significant income through various endeavors. However, the ongoing HMRC investigation emphasizes the importance of complying with tax regulations for all individuals and businesses.