Wimbledon 2007 generates £25m surplus- 20 Nov 2007 10:20:00
The 2007 Wimbledon Championships, jointly managed by The All England Lawn Tennis Club and the Lawn Tennis Association, generated a surplus of £25m, all of which will be invested into British tennis.
The money made from the championships will be funnelled into a number of different LTA projects, many of which have been introduced in the last twelve months.
After detailed consultation with a wide range of stakeholders across the world of tennis, the Blueprint for British Tennis was launched and a new Tennis Leadership Team has been put in place focusing on delivering the key objectives. The new Tennis Foundation, headed up by Sue Mappin, has also been launched.
The figure is £500,000 down on last year with the drop partly attributable to a slight fall in spectator numbers because of the unusually poor summer weather.
Wimbledon's surplus has generally been steady in the past six years, with expenditure on the All England Club's development work of Wimbledon covered by debenture sales.