A group of the top 20 male and female tennis players has initiated a movement demanding an increase in prize money by addressing the four major Grand Slam tournaments. The request, initially disclosed by French publication L’Equipe, calls for a meeting to discuss how players can receive a fairer portion of the revenue generated by these prestigious events. World number 11 Emma Navarro highlighted "unfair pay ratios" as one of the driving forces behind her support for the initiative. She emphasized that collaboration among players is essential to ensure equitable treatment.
The issue revolves around the substantial financial gains made by the Australian Open, French Open, Wimbledon, and US Open, which some athletes argue should translate into higher returns for competitors. For instance, last year’s Wimbledon allocated £50 million in prize money, marking a doubling since 2014. Over this decade, first-round losers saw their earnings jump from £27,000 to £60,000. Despite these increases, players continue to point out the vast revenues produced by these tournaments, advocating for a more significant share.
Examining the financials of the All England Club (AELTC) reveals an annual turnover of £380 million up to July 2023, with an operating profit of nearly £54 million after expenses. Of this, almost £49 million was directed to the Lawn Tennis Association (LTA), following an agreement that commits 90% of its surplus to the governing body until 2053. These costs encompass not only prize money but also staffing, site preparation, and supporting grass court events.
Olympic champion Zheng Qinwen expressed that increased prize money would especially benefit lower-ranked players who often face financial challenges outside the Grand Slam season. She noted that such adjustments could help sustain those working hard throughout the year, ensuring they receive adequate compensation from these major tournaments.
This call for action reflects broader concerns within the tennis community about financial fairness. While changes may depend on negotiations between players and tournament organizers, it underscores a growing sentiment among athletes seeking better economic conditions. Their efforts aim to balance the scales, ensuring all participants in these high-profile competitions are appropriately rewarded for their contributions.