LTA posts £8.7m profit in 2019 after three years of lossesWimbledon made a surplus of more than £50m last yearFor 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 the 2018 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.