Wimbledon profits a growth industry

The Daily Mail on Sunday reports that Wimbledon is the gift that keeps on giving to British tennis.

A new tax filing by the AELTC reports that for the fiscal year ending July 31, 2018, the tournament generated £256.7 million ($336.3 million US) in revenues. It reported £39.7million in pre-tax profit ($52 million).

Revenues were up nearly 18 per cent from the previous year, while the pre-tax number held steady.

More than 93 per cent of those profits were given to the British Lawn Tennis Association to do … well, whatever it is they do with all that money.

That was £7 million more than 2017.

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Stephanie Myles

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