Lawn Tennis Association announces profit thanks to Wimbledon success
20-May-2020 16:42:16 | Guardian
- LTA up £8.7m in 2019 after three years of losses
- Wimbledon made a surplus of over £50m last year
For the first time in Wimbledon history, the championships’ annual payments to the Lawn Tennis Association has scaled £50m as the LTA announced a strong financial standing amid the uncertainty brought by the coronavirus crisis.
The LTA’s financial statements for 2019 mark a significant turnaround after three years of planned losses, with 2018’s losses of £6.3m making way for an operating profit of £8.7m and revenue of £77m. Much of this turnaround is a reflection of the greater injection of money from Wimbledon, which posted a record surplus of £50.8m.
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