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LTA set to receive Wimbledon windfall

The Lawn Tennis Association is set to receive £40m (€45m/$51m) from the 2018 edition of the Wimbledon tennis Grand Slam, according to the Daily Mail newspaper.

The total is a record contribution from the tournament and an increase of £6.4m on last year’s figure.

Since the late 1990s, the general trend has been for the surplus allocated from Wimbledon to the LTA to be significantly lower once inflation is considered.

The report said that the total had been assured by Wimbledon bosses in spite of significant recent expenditure on development, including a new roof on Court No.1 and the impending redevelopment of the site’s indoor complex.

Last week, the All England Club, which operates Wimbledon, secured approval for a £65m acquisition of the neighbouring Wimbledon Park golf course.

LTA chief executive Scott Lloyd said that the organisation has been working with the All England Club with the aim of mitigating the cost of investment in certain tournaments that are currently loss-making.