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

06/03/2021 | 05:13am EDT
Former soccer player and MLS team owner David Beckham speaks during an interview in the Manhattan borough of New York City

(Reuters) - David Beckham has taken a 10% stake in Lunaz, a UK-based car restoration and electrification firm, as the former England soccer captain builds on diverse investments in companies related to e-sports, cannabis and now 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, 46, 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% stake in Cellular Goods, which makes skincare and athletic recovery products based on biosynthetic cannabinoids.

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.

(Reporting by Pushkala Aripaka and Indranil Sarkar in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AURORA CANNABIS INC. 2.67% 8.46 Delayed Quote.-20.19%
CRONOS GROUP INC. 1.22% 7.47 Delayed Quote.-15.50%
GUILD ESPORTS PLC -0.17% 5.83999 Delayed Quote.4.46%
MANCHESTER UNITED PLC -1.41% 17.52 Delayed Quote.4.66%
THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. 5.00% 0.21 Delayed Quote.0.00%
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