Wimbledon Increases Prize Money- Struggling Economy Makes It Worse For Many Players

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With the struggling U.S. economy, the winner of this year’s Wimbledon will receive nearly $250,000 less than the winner received last year. Wimbledon’s two singles champions have been given a 13.3% pay increase this year with the winners of the men’s and women’s singles set to walk away with a cheque worth £850,000 ($1,245,530). Last year Rafael Nadal and Venus Williams both collected £750,000 ($1,491,128) but despite the worldwide economic downturn, the strengthening of both the Euro and the US dollar against British sterling has prompted to generosity of the All England Club.

“We recognize the fact that many of the players who compete deal in US dollars or Euros,” said All England Club chairman Tim Phillips. “Last year at the time of the Championship the rate was almost two dollars to one pound. Now it is closer to 1.5 and that has come very much into our thinking. Hardly any of the players bank in sterling.”

So what do you think? Should Wimbledon compensate for the players by matching the previous year’s prize money or should the players be faced with the same problems people across the world are facing- banking in lower checks. Feel free to comment on our blog or write on our wall (Facebook). We would love to hear from you!

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2 Responses to “Wimbledon Increases Prize Money- Struggling Economy Makes It Worse For Many Players”

  1. Thomas Says:

    Given how much money the top 10-30 make as it is, it would be a better move to increase total prize money for the tournament but shift more pay towards the early rounds. It would be a better move for economic purposes I feel. Especially since early rounds are generally the rounds that generate the most unpredictability and entertainment value for viewers (and the cheapest tickets), there would be more incentive for players and viewers alike if there was better compensation for the players to simply make the draw. Airplane tickets, coaching and stringing fees, as well as lodgings all add up that eat away at struggling tour players that literally screw up their bodies to play pro tennis.

  2. stringsdepotplus Says:

    Thomas:

    Thank you for your comment. I would agree with your statement that more money should be directed towards the first couple of rounds. As you pointed out most of the upsets occur in the early stages of the tournament. It will be interesting to see if the U.S. Open increases prize money this year.

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