Former England and Manchester United striker Wayne Rooney has been handed a significant cash windfall, receiving a £800,000 ($1.05m) tax rebate from HMRC.
According to Goal.com reporting, former Manchester United and England star Wayne Rooney has secured a significant financial boost, receiving a massive tax rebate from HMRC.
The payout, valued at £800,000 ($1.05m), was confirmed following the closure of a company established to manage the vast earnings from his image rights during his illustrious playing career.
This latest financial development underscores Rooney’s considerable wealth, which is now believed to stand at an estimated £170 million ($223.7m).
The image rights company handled lucrative deals with global brands such as Nike, Coca-Cola, and EA Sports, separate from his football wages. The recent return of funds comes as a result of a final accounting following the winding up of the firm.
It is important to note that the rebate is not connected to the high-profile film financing schemes, such as Ingenious, in which Rooney and other celebrities previously invested and which resulted in past tax disputes and large tax bills.
This rebate is simply a direct return of excess tax paid by the image rights firm.The incident highlights the complex nature of financial affairs for professional athletes.
Rooney has faced scrutiny and disputes with the taxman over the years, but this recent windfall is a direct, positive result of the company’s final settlement.
The Man Utd legend’s net worth continues to grow through his playing career earnings and subsequent ventures, including his recent role as a pundit.