Wimbledon achieves record profits for LTA

Last updated 11:22 14/12/2012

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Profits from this year's Wimbledon championships increased by seven percent to record levels, Britain's Lawn Tennis Association (LTA) said today.

The LTA, which organises the two-week grand slam, published its annual report and financial review which showed profits at the grasscourt tournament rose to £37.8 million (NZ$72.2 million), up from £35.2 million the previous year.

The surplus is invested back into British tennis.

The LTA also said it spent £12.3 million on player development with £17.4 million pounds going on encouraging people to take up the sport.

The governing body highlighted the impact of an excellent year for Britain's Andy Murray, who claimed Olympic gold before taking the US Open title, in boosting grassroots participation.

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- Reuters

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