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Two Bold Pitches

SOLVED!

[Blind Gossip] While many celebrities are willing to make sacrifices to help out others right now, not all of them are sincere in their charity.

Let’s talk about this singer who was once part of a famous group!

She gets plenty of attention, thanks in no small part to her marriage to a very wealthy athlete. They are definitely part of the one percent and have more money than they will ever be able to spend in ten lifetimes.

She thinks of herself as a businessperson. However, her track record is not good.We’ve told you before that her rich husband has been footing the bill for years to keep her business going.

Her business is more of a vanity project than anything else. It has never made a profit. Never. Her husband always gives her more money though because they can’t have any losers as part of their “couple brand.”

This leads us to two interesting things that happened recently.

First, despite her family’s enormous net worth, she now wants the government to kick in money to keep her failed business going.

Second, she has declared that she will donate a percentage of future profits to charity. Not revenues. Profits. While making such charitable pledges may be in fashion right now, her business has never been profitable. Thus, her donation will likely be zero.

So, one of the richest people in the world wants you to give her money to support her failed business. In return, she will promise to give you nothing. 

We don’t know which of these two things is more galling. However, it is interesting that she would be so bold as to pitch either one!

Similar: Making Their Brand A Winner Again

Couple:

Clues:

[Optional] Should she receive monetary assistance from the government?

SOLVED!

Couple: David Beckham and Victoria Beckham

Your friends at Blind Gossip have been telling you for years that Victoria Beckham’s fashion brand is a loser.

While Beckham Brand Holdings tries to present the VB brand as a successful part of their empire, the fashion brand does not make money.

It loses money.

From The Sun:

Posh and Cheque

Victoria Beckham loaned £6.4million in desperate bid to save her ailing fashion business after racking up huge losses

Victoria Beckham is set to take a £6.4million lifeline to save her ailing fashion business.

The former Spice Girl has been offered the loan after her firm racked up £42million losses over four years.

That deserves repeating.

The Victoria Beckham brand has lost FORTY TWO MILLION POUNDS over the past four years.

This week’s deal — backed by a private “investment agreement” — should allow Posh to retain control of flagship Victoria Beckham Ltd.

If the cash from Luxembourg-based London Investments Sarl is not repaid, it could be converted into shares in VB Ltd.

But a financial expert said: “Posh wouldn’t want to relinquish any more control in a business which is formed in her name. Yet desperate times require desperate measures. The move will secure a much-needed cash injection — and after racking up record losses last year of some £12million they can’t afford not to do something radical.”

London Investments put £30million into the business in 2017 for a 28 per cent share.

Basically, that means that the VB brand has not been profitable and needed to be propped up by long before the current world health crisis.

Its latest cash injection was revealed in new records published this week, as a major restructuring of the business was announced.

It comes after Victoria Beckham Ltd last year had to be bailed out with £16million by a mystery shareholder, thought to be Posh’s husband David.

The Beckhams currently control 48.4 per cent of shares while their friend and business partner Simon Fuller owns 23.6 per cent.

We’ve told you before that David Beckham has bailed out Victoria’s company in the past.

Let’s just gaze at the handsome face of David Beckham for a minute.

Okay, back to our story.

So when Victoria was pledging to contribute a portion of her company’s profits to charity, she knew that it was a completely hollow promise… because her company had not made a profit for years!

And while they tried to portray the Victoria Beckham brand as successful, it was actually being propped up by David Beckham.

From The Guardian:

The business of exploiting the David Beckham name continues to be extremely profitable. DB Ventures, which is responsible for licensing and other forms of commercialisation of the David Beckham brand, reported profits of £23.2m last year. This was down slightly on the £24.9m in 2016.

The Beckham empire is being dragged down by the underperformance of Victoria Beckham’s business.

“The question is whether there is a sustainable route to profit for the Victoria Beckham business,” said Alex DeGroote, independent media analyst. “How does this business turn a profit? There aren’t many businesses out there that can lose £10m every year. You can see from the accounts that the other parts of the Beckham empire are helping to support Victoria’s business.”

Essentially, Victoria Beckham has been running a vanity fashion business for years, with David Beckham and other investors continuously bailing her out.

In her latest act of hubris, Victoria Beckham sought to take advantage of government handouts to save small businesses.

From The Sun:

FOOTING THE BILL

The millionaire moguls cashing in on taxpayers’ money as Victoria Beckham, Stella McCartney & Mike Ashley furlough staff

Victoria Beckham sparked fury this week by furloughing 25 of her fashion staff despite her family being worth a reported £335million.

It was revealed at the weekend that Spice Girls star Victoria, 46, will be using the Government’s furlough scheme, which will see the taxpayer paying 80 per cent of employees’ wages of up to £2,500 per month.

There was such an uproar of her taking advantage of the scheme that Victoria Beckham eventually reversed her decision.

From The Australian Chronicle:

Posh backflips on controversial decision

Victoria Beckham has made an embarrassing U-turn – and pledged to reverse her decision to furlough staff.

The star has decided against a UK government bailout following a furious backlash from the public, reports The Sun.

News of her change of heart comes after The Sun on Sunday revealed the 46-year-old designer’s company was using a government scheme to furlough 25 members of staff – despite boasting a family worth of £335 million

A source added: “Victoria is devastated about the backlash she’s faced.

“The original decision to furlough wasn’t actually hers – it was more a board thing, and she was persuaded that it was the right thing to do. Obviously she now realises this is wrong.

It wasn’t me! Any bad PR moves are someone else’s fault! And I am “devastated”! So please feel sorry for me.

Frankly, we can’t believe anyone would pay $1300+ for this Victoria Beckham dress.

How… unoriginal.

“Victoria realises she still has some way to go when it comes to endearing herself again with the great British public, but she is going to use her position and influence to start giving more back.”

Giving more back? Does that mean promising to donate an even bigger percentage of her non-existent profits?

Victoria Beckham was determined to have taxpayers bail her out… until she received public backlash over it.

From The Sun:

A spokeswoman for ­Victoria said: “We are working hard to ensure our much-valued VB team are protected by keeping our business healthy.”

Andrew Speke, from the think tank High Pay Centre, tells the Sun Online: “It is right that the Government has prioritised protecting jobs and incomes and the furlough scheme has largely been effective in doing that.

“But the public are right to be angry, when they see billionaire CEOs using taxpayers’ money rather than their own.

“Given how low-paid workers have led the efforts in fighting this pandemic, those whose wealth depends on their work should be expected to give up some of their riches rather than further burdening the tax payer.”

Did you catch all the clues we provided?

“Footing”, “kick”, and “pitch” should have all tickled your soccer bone. Who is the most famous soccer player in the world? David Beckham!

Let’s just look at David Beckham again.

Congratulations to DaniJo for being first with the correct response!

By the way, Victoria Beckham is not the only celebrity claiming to be rich and successful while simultaneously trying to siphon cash off of taxpayers!

In the United States, celebrities like Kanye West, Reese Witherspoon, Tim McGraw and Faith Hill, and Khloe Kardashian all sought taxpayer bailouts for their companies.

Kanye West (alleged net worth > $1 billion) owns Yeezy and Khloe Kardashian (net worth > $30 million) owns Good American.

Reese Witherspoon (net worth > $200 million) owns Draper James.

Faith Hill and Tim McGraw (net worth > $100 million) own their concert touring company.

Keep in mind that programs like the U.S. Paycheck Protection Plan were intended for small businesses who lack other means of financing (e.g. lines of credit or venture capital) to pay their employees and keep their businesses going.

The loans are made directly by private banks, not the government, but are forgiven by the U.S. government if certain conditions are met.

You, the taxpayer, are paying for all of this. Are you good with that?

Reader Interactions

Comments

  1. Silverdun says

    Great article, but please stop posting DB’s face, he has the most punchable face on the planet. Every time I see his inane, smug, gormless grin, it reminds me of those emails and all his cheating.

  3. loldollll says

    It’s the essential and front-line workers who deserve this financial boost, not all those selfish and narcissistic vultures. Glad people are finally recognizing that celebrities are nothing but glammed-up TRASH (well…most of them).

  4. mybellyistoofulltothink says

    Can someone just investigate the Beckhams’ finances already? She loses $10 million a year on her fashion business, never made a profit…and her husband continues to fund this endeavor?? No husband is that daft, and I never believe the excuse of “they can’t be seen as losers”. There’s probably some fudging of the books because you can get tax breaks for negative profits, and I’m sure the company pays her a handsome salary as the CEO.

  5. Baileygirl says

    She just furloughed her staff. Evil thy name is Victoria Beckham. No money from the governemnt for her. Tell the government to keep her money and buy PPE for their NHS workers. At least one hundred doctors, nurses and other medical workers in Britain are dead from Covid-19 due to a lack of PPE.

  7. SleuthingForFun says

    David and Victoria Beckham
    Too many clues: vanity project, singer married to a famous/wealthy athlete, fashion line never made a profit….and no, absolutely her company should not receive a penny from the government!

  11. letinstar says

    Posh Spice/ Becks

    Clue: Once part of a famous group, plenty of attention, thanks in no small part to her marriage to a very wealthy athlete.

    Her “failed business” (who is buying her rags) needs no government assistance.

  12. coey17 says

    David and Victoria Beckham

    Singer part of a famous group, designer, rich husband footing the bill

    No, she shouldnt. That money needs to go to smaller business that dont have the capital she has to operate.

  14. mrspig59 says

    Victoria and David Beckham. No, she shouldn’t get any money, her business never makes a profit as it is.

  17. prinny says

    The Beckham’s and they are deserving of all the bad press they are getting. I know lots of people HATE Piers Morgan I love him right now for calling out everyone and everything that is wrong right now, including this horrible couple plus Markle and her handbag.
    Clues are “footing”, “fashion”, can’t figure out anymore.
    A big NO for a government handout.

  18. SilentRen says

    Couple: David and Victoria Beckham

    Clues: family’s enormous net worth, singer once part of a famous group, marriage to a very wealthy athlete.

  21. Renee2 says

    Obviously the Beckhams. The rich all have their hands out right now and they’ll take whatever they can from the government. It’s disgusting.

  24. stickaforkinit says

    Posh and David Beckham. Clues “footing the bill” , “government to kick in” Beckham was a soccer player.

  25. stephyod says

    Posh Spice. Footing the bill=Her husband is a football player, “not in fashion” etc etc a billion clues in this one

  27. Tazzer01 says

    Victoria Beckham and her equally disgusting husband David, pair of idiots, Google ‘David Beckham leaked emails charity’ tense what he’s really like…

  32. geekgirl says

    The Beckhams, Victoria has asked the government to furlough her employees during lock down, even though they are worth a fortune.

    Her company might not be making a profit but they are worth a lot, so shouldn’t they be footing the bill?

  34. allegoriedesoie says

    Couple: Posh Spice & David Beckham—I legit forgot her name 😂

    Clues: singer of a famous group; wealthy athlete

  37. Enchanting says

    Victoria Beckham, appaling, horrible woman….
    CLues? Many…a “singer” in a famous band once upon a time, wealthy athlete for husband, she thinks of herself as a bussineswoman, and victoria just asked for taxpayers to help her bussines….

  38. loopylou600 says

    The greedy Beckham’s

    Clues: Pitches and pitch (footie his sport), ‘footing’ the bill, again clue for football.

    No she should not, it’s been reported she has as few as 30 employee’s and she can’t/won’t pay them?! Instead she expects the British tax payer to pay for her furloughed staff when she (opps he could afford to pay). She could sell her million plus handbag collection to pay for them herself! Her business deserves to collapse.

  39. ginger cakes says

    The Beckhams. Famous group, businessperson clues.
    No help to keep her biz going. Its neither successful nor a necessity. Its not even an iconic British product like Wedgewood or Golden Wonder crisps.

  46. Riley831 says

    Victoria & David Beckham

    singer part of famous group – spice girls
    singer/athlete couple
    husband footing the bill

  48. Melvin says

    Couple: The Beckham’s

    [Optional] Should she receive monetary assistance from the government? Hell No!

  49. DenverJayhawk says

    Victoria & David Beckham

    I’m SHOCKED!!!! You mean, she isn’t sincere about charitable promises??? LOL

  50. Agent Orangey says

    David and Victoria Beckham

    They should not be getting any assistance from the government.

  52. amagod121 says

    Victoria and David Beckham.
    Clues: her floundering business, she was once part of a famous group (Spice Girls,) pitch and kick (football terms,) may be in fashion right now (she has a fashion brand.)
    Optional: Oh, hayl naw!!!! What nerve she has even asking!

  53. badgerette85 says

    Beckham’s

    Clues- singer, athlete, “footing the bill”, “kick in money”, “May be in fashion”

    Op- absolutely not. Her charitable contribution should be to allocate it to someone whose livelihood depends solely on the success of their business.

  54. KlaireBear says

    Victoria Beckham. Biggest clue for me is the picture of the girl with the brown bob haircut and the pencil skirt!!

  55. Piwakawaka says

    Couple: David & Victoria Beckham.

    Should she receive monetary assistance from the government? Hell no! She should be put in the village stocks for even thinking about it. Odious woman.

  57. angelbratt says

    The beckhams
    Clues: singer, former member of a band, the spice girls. She has her own fashion line, VB, athlete husband, David Beckham. Very wealthy.

  59. BDBoop says

    Victoria Beckham and no. She doesn’t need the money. Her husband can continue to carry her, and she can continue to turn a blind eye to his extramarital affairs.

  60. laura1083 says

    The Beckhams

    No way should she be getting tax payers money. It’s not a viable business, it’s just a hobby for her.

  61. truth_sayer says

    Couple: David and Victoria Beckham

    Clues: “…Once part of a famous girl group” = Victoria was Posh Spice in the Spice Girls
    “gets plenty of attention…marriage to a very wealthy athlete” = Married footballer David which has made them more renowned
    “…thinks of herself as a businessperson” = Owns an eponymous luxury fashion label, which has run into money troubles
    “wants the government to kick in money to keep her failed business going” = Scandel regarding furloughing due to…

  62. Furfur says

    Couple: David and Victoria Bekham

    Clues: Ex singer “in fashion” married to rich athlete

    Should she receive monetary assistance from the government? Should Georgina Chapman? I don’t think so.

  65. Pugley says

    Victoria Beckham, of course!
    No she shouldn’t receive assistance, is that even a question? Nobody with that much wealth should get any assistance.

  66. Gerseychick says

    David and Vicky Beckham…..
    Just paid 24 million dollars on a Miami Penthouse…..David funds her failed fashion business because he is a serial cheater…..Dumb and Dumber trying to fool the public….Sad, really…

  67. MademoiselleRose says

    Victoria Beckham. Of course she shouldn’t receive any bailout money. Doubt she’ll get it.

  70. radmom says

    Couple= David and Posh Beckham
    clues= famous group, rich athlete husband, her business has never been profitable…

  74. grumpy says

    Couple: The Beckham’s !!

    She should have taken the $$ and did the reunion tour last year

  81. mycull says

    Obviously this is the Beckhams but could we look at the British BILLIONAIRE, Richard Branson, who is pushing the government to pay his staff wages despite the fact he hasn’t paid tax in the UK for 14 years?

  82. BettyLou says

    Victoria and David Beckham
    Such a bad PR move – get your Cheque book out and make a massive donation to the NHS – yesterday! That’s the advice if you care enough but it looks like you don’t ( care about the NHS or even brand Beckham – it’s all £££) their popularity will wane as the public look for more sincerity from celebs these days…also: drop your VB clothes prices by 70% and everything will sell – it’s too naf a brand for anyone with taste and can afford it.

  89. jemima8 says

    Couple: Victoria and David Beckham.
    Clues: Once part of a famous group – Spice Girls. David obviously gives her the money she needs.

    Optional: HELL NO. Rich privileged celebrities shouldn’t suck up money from the government that normal, everyday, hardworking citizens deserve. In fact, none of them deserve money. Let them live behind their obnoxious big glass houses while the rest of us struggle.

  90. tinker says

    Couple: the Beckhams – this is referring to Victoria Beckham, it’s all over the news here in the UK about her furloughing staff. As I recall, the donating future profits part was mentioned on TV too (but not in the papers, so no link).

    Clues: lots.

    Optional: well, under the scheme as is, she does have the right to do it. Whether she should, considering she is seemingly advertising for a new social media manager as we speak, it… Well, it doesn’t look good at all, let’s put it that way.

  95. pretty puss says

    Vickie Beckham.

    Why should she be any different than the other multi-millionaires that helped drain PPP and EIDL from small businesses? But, no, she shouldn’t.

  97. mayer2816 says

    Who else but the pompous and insufferable David and Victoria Beckhams.

    Optional: Hell no! They’re having fun their ‘ranch’ somewhere outside London making expensive food everyday. Why not sell their pointless son Dorklyn’s expensive collection of cameras to save mum’s business.

  105. carriebradshaw says

    Beckhams. There is probably no method to prevent it, but they should pay those people out of their own pocket. Beside this being right, it would be also great and pretty cheap PR for them.

  106. JoshuaTree says

    David and Victoria Beckham. Her fashion brand loses about $12 million a year and he keeps bailing her out to keep it going. She wants a loan from the government to keep her London flagship store going after furloughing her employees.

  107. FiyahHotFlashy says

    Couple: Posh and Becks

    Clues: singer married to a wealthy athlete, failed business

    [Optional] Should she receive monetary assistance from the government? NOPE

  108. The Big D says

    The Beckhams
    Clue-in fashion-her fashion line.
    No she should get nothing -she is not dependent on the business for her livelihood and especially because her business is already a failure-what is there to save?

  109. calibg says

    The Beckhams
    Clues: singer once part of famous group, married to athlete, ‘foot’ the bill, ‘kick’ in money, ‘in fashion’ to refer to her clothing line

  112. holdup279 says

    The Beckhams. Let’s be honest this is how all rich people make statements. They have lawyers and consultants who can write their statements.

  114. aaamart1 says

    Victoria and David Beckham
    Clues-footing the bill, ‘government to kick in money’ and the word fashion!

  116. omgimbackagain says

    Victoria Posh Spice Beckham and David Beckham
    Clues: footing, kick in, in fashion
    No.

  119. Kiersan says

    Couple: The Beckhams

    Clues: ‘famous group’ for Spice Girls
    ‘wealthy athlete’ ‘footing’ and ‘kick’ in reference to David’s football career
    ‘fashion’ ‘business’ in reference to her fashion brand

  122. JBDinCA says

    Victoria Beckham

    Clues: Married to wealthy athlete, David Beckham; once a member of Spice Girls (Posh Spice)

  124. Kellikopter says

    The Beckham’s. No she should not receive any money. There comes a point where you have to admit your venture is a stinker and bow out gracefully. She’s probably well past that point, but that’s not the government’s problem.