All England Lawn Tennis Club, in the year of its 150th anniversary, has announced a 7.6% hike in the total prize money for the 2018 Wimbledon Championships. The third Grand Slam of the year, scheduled from July 2 to 15, will now have the total prize money of £34 million ($46.25m/₹308.8 crores).
The men’s and women’s singles champions this year will return richer by £2.25m (₹20 crore), an increase from £2.2m in 2017. Over the last 10 years, The Championships has nearly trebled the total prize money on offer, rising from £11.8m in 2008 to £34m in 2018. Over the same period, first round prize money has almost quadrupled from £10,250 to £39,000, while the Singles Champions’ prize money has increased from £750,000 to £2.25m.
A mere participation in the Wimbledon will ensure the players of a minimum cash purse of £39,000 (₹35.47 lakhs)
Other notable developments include double-digit increases to prize money awarded in the first four rounds of the men’s and women’s Singles Main Draw and all rounds of Qualifying; just over a 10% increase in the total contribution for men’s, women’s and mixed doubles; and a 20% increase in the Gentlemen’s and Ladies’ Wheelchair Singles and Doubles.
With this hike, The Wimbledon becomes the third richest Grand Slam in terms of total prize money purse behind the US Open and the French Open. The Championship is only second behind the US Open in terms of singles champions’ prize purse.
Click here for full details of Wimbledon 2018 prize money
The US Open organisers last year had confirmed their position as the most lucrative of the four Grand Slams by announcing that the total prize money for the 2017 tournament would be $50.4m. Similarly, Roland Garros in March this year had raised the prize money for the 2018 French Open by 18% to $48 million.
The latest Wimbledon move was among other announcements made by AELTC as the club aims to reaffirm its dedication for maintaining the position of The Championships as the premier tennis tournament in the world; enhancing the unique quality, character and image of the Club and The Championships; and fostering the best interests of tennis, both nationally and internationally.
Setting out plans for the future development of the Grounds under the Wimbledon Master Plan alongside detailed enhancements for The Championships 2018, the AELTC also restated its commitment to integrity as one of the seven international governing bodies of tennis, following the publication of the Independent Review Panel’s (IRP) Interim Report, the club has stated in a release on their official website.
Philip Brook, Chairman of the AELTC said, “The All England Club’s mission statement is embedded in our Articles of Association; it guides our actions and ensures we keep our focus. We recognise that to stay true to our mission statement we cannot afford to stand still, and we remain devoted to ensuring that we act in the best interests of our Championships, our Club, and our sport.”