The 2024 edition of the iconic Wimbledon Championships grand slam tennis tournament generated a record surplus for the sport in the UK, financial accounts have revealed.
The latest annual report from the Lawn Tennis Association (LTA) governing body revealed that tournament organizers, the All England Club, were able to pass on £49.8 million ($66.3 million) to the LTA in 2024.
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The two bodies have a deal in place through which 90% of AELTC's annual profits are passed onto the LTA.
In total, profits for the AELTC during the 12 months up to July last year rose slightly, coming to £54.3 million, with turnover also increasing and coming to £406.5 million overall.
The report states: "Despite a wet championships, the company delivered a record surplus for the LTA."
The report also identified that in the UK, a total of 225 million hours of Wimbledon action were watched, through the Championships domestic broadcast partner, the public-service BBC.
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By GlobalDataIt also noted a range of broadcast and commercial deals that were struck and extended during the 2024 financial year, including the Emirates airline being brought in as a new sponsor, and Amazon Prime striking a new deal for German media rights.
The LTA's previous annual report showed AELTC turnover (for the 2023 financial year) of £380.1 million and an operating profit of £53.7 million – at the time, these were also record figures. This enabled payment to the LTA, through the revenue-sharing deal between the two parties, of £48.7 million.
Last June, ahead of the 2024 Wimbledon Championships, the AELTC announced record prize money would be distributed during that tournament – the total prize fund was £50 million, up 11.9% from the 2023 figure.
The gentlemen’s and ladies’ singles champions and runners-up received £2.7 million and £1.4 million respectively.
Overall, Wimbledon prize money distribution has doubled in the past 10 years, rising from £25 million in 2014.
