Andy Murray’s Business Empire

Thanks to an outstanding career in tennis, Andy Murray has accumulated a significant fortune, reportedly around £85 million.

The tennis legend, age 37, retired last year after participating in the Paris Olympics.

Before his retirement, Murray started planning for his post-tennis life.

He invested a significant portion of his wealth into various businesses, showing his foresight in preparing for the future.

Murray, who also became a brand ambassador for the golf apparel company Callaway, mentioned in a 2015 interview with British Airways magazine: "I’ve heard stories from ex-players and other athletes who haven’t made plans for retiring, and they finish and suddenly face the question, 'What am I going to do now?'"

"I discussed with them potential ventures I could explore or avoid, just to start brainstorming."

"I’m seeking a pursuit I’m truly passionate about and willing to work hard at to achieve a specific objective."

His initial investment was the Cromlix Hotel, located near his hometown of Dunblane, acquired for £2 million in 2013.

Subsequently, Murray became an early investor in the sportswear brand Castore and also invested in tech companies, including Perkbox, a firm specializing in employee benefits, WeSwap, a currency exchange platform, and Seedrs, an equity crowdfunding platform.

This diverse business portfolio is designed to secure his financial well-being for the future.

Passion Project

The highlight of Murray`s business ventures is the exquisite Cromlix hotel.

This 15-room hotel, co-owned with his wife Kim, holds a special place for the Murray family.

It was the venue for his grandparents` silver wedding anniversary celebration in 1982.

Andy’s brother, Jamie, also chose the hotel for his wedding in 2012.

Under their management, the hotel has garnered numerous accolades, including a Michelin key.

It was also recognized as the best hotel in Scotland at the 2024 AA Hospitality Awards.

The couple has continued to invest in the hotel, including ambitious plans to introduce a new restaurant.

They have undertaken several renovations on the property and intend to add a wellness cottage and more guest rooms.

However, Cromlix LLP, the company, reported losses of £919,572 last year.

The hotel business itself has reported a loss of £369,045 for the fiscal year ending March 31, 2024.

Best of British

Murray, a father of four, was an early investor in Castore, a British sportswear company.

He was also the first athlete to endorse the brand, which is now known for manufacturing kits for professional football clubs, cricket teams, and golf personalities.

Murray also collaborated with Castore to launch his own clothing line, AMC.

He explained, "I had wanted to establish my own apparel brand for a considerable time."

"I felt there was a clear need for fashionable tennis apparel, so my team and I identified Castore as a brand that could help me create something I could be truly proud of."

"I appreciate that they are a British brand, founded by two brothers, and that they prioritize sustainability."

"I believe it’s crucial to stay authentic to yourself. If a brand partnership feels insincere, people quickly recognize it, and it simply doesn’t succeed."

Not Forgetting Sport

Although Murray has stated he doesn`t intend to pursue tennis coaching (despite briefly considering football coaching), he is a believer in the growing influence of sports.

He is a strong advocate for padel, a sport originating from South America that combines elements of tennis and squash.

This enthusiasm led him to invest in Game4Padel, a company that installs padel courts in tennis clubs at no initial cost, recovering their investment through court rentals.

Following Rafael Nadal, Murray has also invested in the Hexagon Cup, a padel tournament where he now owns a team.

Additionally, he has invested in TMRW Sports, a tech-focused sports company co-founded by Tiger Woods and Rory McIlroy, and Halo Hydration, a sports drink brand.

Beyond sports, his 77 Management company, valued at £21 million in 2023, has a diverse investment portfolio.

Murray has been strategically advised to explore opportunities in the tech sector.