Spend it like Beckham: Football star buys stake in electric-car firm

AFP

David Beckham has taken a 10 per cent stake in Lunaz, a UK-based car restoration and electrification firm, as the former England football captain builds on diverse investments in companies related to e-sports and automobiles.

Beckham had invested in Lunaz through his investment vehicle, DB Ventures, the company said on Thursday, but did not disclose the value of the deal.

"I was drawn to the company through their work restoring some of the most beautiful classic cars through upcycling and electrification," Beckham said in a statement. He will join Lunaz's founders and the Barclay, Reuben and Dellal families as a shareholder.

Founded in 2018 by David Lorenz, Lunaz re-engineers and electrifies classic cars made by Rolls-Royce, Jaguar and Range Rover and Bentley.

Beckham became co-owner of London-based virtual sports academy Guild Esports last year. He also co-owns Major League Soccer's Inter Miami and has a nearly 5 per cent stake in Cellular Goods, which makes skincare and athletic recovery products.

Lunaz did not immediately respond to a request for comment, while the former Manchester United player or his publicist could not be immediately reached for further comment. 

More from Entertainment News

  • Olivia Rodrigo to headline UK's Glastonbury festival

    Popstar Olivia Rodrigo has been confirmed as the headline act for the UK's Glastonbury festival, taking place in June. British band The 1975 will headline the main stage on Friday June 27.

  • Coldplay to assist FIFA for first-ever World Cup halftime show

    The 2026 World Cup final will feature its first ever halftime show, FIFA president Gianni Infantino said on Wednesday with assistance from international education and advocacy organisation Global Citizen as well as British band Coldplay.

  • Adidas sells last pair of Yeezy sneakers

    Adidas sold its last pair of Yeezy sneakers at the end of 2024, the sportswear brand said on Wednesday, ending the process of liquidating stock of the lucrative shoe partnership with rapper Kanye West after splitting from him in October 2022.

  • Israeli-Palestinian film wins best documentary feature Oscar

    "No Other Land," a film showing the alliance that develops between a Palestinian activist and an Israeli journalist amid their peoples' conflict on the occupied West Bank, won the documentary feature film Oscar on Sunday.

  • Adrian Brody, Mikey Madison win best actor Oscars

    Adrien Brody won his second best actor Oscar on Sunday for playing an immigrant architect in the epic postwar drama "The Brutalist," while Mikey Madison claimed her first Academy Award, winning best actress for her role in the drama "Anora."

  • Oscars take the stage on Sunday with best picture up for grabs

    The Academy Awards, the highest honors in the film business, take place on Sunday with no clear frontrunner among "Anora," "The Brutalist," "Conclave" and other movies contending for the prestigious best picture prize.

On Virgin Radio today

Trending on Virgin Radio