The limited company owned by Manchester City defender Kyle Walker made a £1m profit for the 2023/24 financial year, with the company having over £5.6m in the bank.
The 2023/24 accounts, filed with Companies House this week, showed the company’s net assets at £7.4m, while included in the figures were debtors totalling almost £2.4m, with one of the ‘other debtors’ listed outside of trade debtors being £1.1m to be paid from A&K Walks Limited, the lettings and real estate business joint-owned between him and his wife Annie Kilner, who filed for divorce from the Manchester City ace, 34, back in October.
When a club signs a player they are not only acquiring a talent to aid their competitive goals, but an asset that the club can use to help generate greater revenues through their marketability. For existing or would-be commercial partners, the ability to have their brands associated with top players is compelling and leads to a willingness to pay higher sums to the clubs themselves.
When a club signs a player one of the key agreements to be reached is regarding image rights, and what the club can expect from their player when calling upon them to appear in marketing campaigns for commercial partners. The two parties will attempt to reach as much common ground as possible so that there is little confusion about what is expected of them during a campaign from a commercial perspective. It removes any potential for legal issues.