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Future of "world's premier tennis event" secured
Published: Friday 21st of November 2008
The future of tennis' top attraction looked to be secured this week as the body that runs the Wimbledon Championships and the sport's administrative organisation reached a new agreement.
The All England Lawn Tennis and Croquet Club (AELTC) and the Lawn Tennis Association (LTA), who have co-ordinated their efforts for the historic grass-court tournament since 1922, have laid down a new arrangement crucial to the funding of the sport.
Until at least 2053, 90 per cent of any "distributable financial surplus" arising from the annual Wimbledon tournament – including gate receipts, merchandising sales and so on – will be handed to the sport's governing body, under the new deal.
The president of the LTA Stuart Smith said: "This agreement is very good news for British Tennis, the All England Club and the world's premier tennis event.
"If accepted by our two organisations, it will ensure that The Championships will continue to make a significant contribution to the development of tennis for many years to come – from the grassroots to elite."
The surplus from the 2008 Championships was £25.667 million.
Tennis-loving LondonPass holders can enjoy free entrance to the Wimbledon Lawn Tennis Museum at the world-famous All England Club, as well as the Wimbledon Tour Experience – both of which give a fascinating insight into the game from its early origins to the present day.
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