About Wimbledon - History
Surplus

From 1877 to 1912 The Championships were promoted and managed by The All England Lawn Tennis Club and all profits remained in their control. In 1913 the Club amalgamated their three Championships with the five World Championships awarded by The Lawn Tennis Association and, in return, agreed to pay the LTA a percentage of the gate receipts. In practice, the LTA waived their right to this income for the years 1913 and 1914 to allow the Club to further expand the Worple Road Centre Court facilities. The LTA also took no money in 1919 but in 1920 and 1921 received a very small percentage of the gross receipts from admission and seats.

In 1920 a company was formed (The All England Lawn Tennis Ground Ltd.) with the objective of the Club purchasing and equipping a new ground at Wimbledon (present site) and with a view to raising capital by the issue of debentures and entering into a formal Agreement which would lock together the interests of the Club and The Lawn Tennis Association. The interlocking of the finances of The Championships between the Club, The Lawn Tennis Association and the Ground Company stems from an Agreement made in 1922, whereby the surplus from The Championships was shared between the Club and the LTA after paying the running expenses of the Club and deducting a preferential sum towards the redemption of debentures.

A revised Agreement made in 1934 provided, inter alia, for joint arrangements for managing The Championships instituted by the Club, mutual obligations in the event of a Championships financial deficiency and/or insufficiency, the transfer by the Club to the LTA of one half of its share-holding in the Ground Company and the payment to the LTA of all the surplus arising from The Championships after meeting expenses incurred in running and administering the Club and the expenses of running The Championships (other than capital expenditure).

The 1934 Agreement was varied by a Deed of Variation in 1993 to give effect to changes appropriate to the circumstances in the 1990s and beyond: it comes to an end on or at any time after 31st July, 2013 on the expiry of five years' notice given by either party. The Deed of Variation perpetuates the financial principles set out in the earlier Agreement, recognises the part played by the Club in staging The Championships and incorporates The All England Lawn Tennis Club (Wimbledon) Ltd. as the fourth party to the Agreement - a company formed for the purpose of exploiting commercially any trademarks, trade names etc. for the financial benefit of The Championships.

The funds generated by The Championships, less tax, are used by the LTA to develop tennis in Great Britain. The sum paid in 1981 exceeded the million pound mark, for the first time, and this figure has substantially increased each year.

Championships Surplus 1877 - 1933

Funds generated by The Championships, less tax, are used by the LTA to develop tennis in Great Britain.

YEAR

SURPLUS

YEAR

SURPLUS

 

1877

(1)

 

1905

£2,104

 

1878

(1)

 

1906

£2,263

 

1879

£116

 

1907

£1,268

 

1880

£306

 

1908

£1,165

 

1881

£541

 

1909

£1,103

 

1882

£344

 

1910

£1,760

 

1883

£426

 

1911

£2,401

 

1884

£614

 

1912

£2,292

 

1885

£797

 

1922

£7,009

 

1886

£535

 

1923

£8,121

 

1887

£276

 

1913

£3,518

 

1888

£530

 

1914

£5,741

 

1889

£436

 

1919

£6,769

 

1890

£321

 

1920

£6,430

 

1891

£256

 

1921

£2,950

 

1892

£318

 

1922

£7,009

 

1893

£270

 

1923

£8,121

 

1894

£218

 

1924

£16,742

 

1895

-£33

 

1925

£17,165

 

1896

£142

 

1926

£17,372

 

1897

£132

 

1927

£18,676

 

1898

£70

 

1928

£13,973

 

1899

£200

 

1929

£16,160

 

1900

£311

 

1930

£27,224

 

1901

£735

 

1931

£18,408

 

1902

£548

 

1932

£22,936

 

1903

£780

 

1933

£25,380

 

1904

£1,291

       


Championships Surplus 1934 - 2006

YEAR

SURPLUS

YEAR

SURPLUS

 

1934

£24,413

 

1974

£87,478

 

1935

£24,349

 

1975

£121,422

 

1936

£25,571

 

1976

£184,516

 

1937

£27,367

 

1977

£501,616

 

1938

£24,217

 

1978

£515,976

 

1939

£23,705

 

1979

£306,737

 

1946

£25,100

 

1980

£420,810

 

1947

£21,881

 

1981

£1,068,952

 

1948

£30,101

 

1982

£1,530,585

 

1949

£35,803

 

1983

£2,751,154

 

1950

£30,875

 

1984

£4,252,193

 

1951

£41,088

 

1985

£5,373,444

 

1952

£35,227

 

1986

£6,200,848

 

1953

£69,417

 

1987

£7,154,990

 

1954

£60,445

 

1988

£7,670,657

 

1955

£61,983

 

1989

£9,202,486

 

1956

£59,416

 

1990

£9,620,856

 

1957

£50,233

 

1991

£11,990,761

 

1958

£51,458

 

1992

£14,282,940

 

1959

£50,964

 

1993

£16,419,974

 

1960

£51,926

 

1994

£27,876,306

 

1961

£48,521

 

1995

£27,932,657

 

1962

£46,607

 

1996

£29,125,964

 

1963

£58,310

 

1997

£31,002,000

 

1964

£57,712

 

1998

£33,078,748

 

1965

£55,270

 

1999

£30,222,804

 

1966

£49,041

 

2000

£31,136,610

 

1967

£60,054

 

2001

£32,044,906

 

1968

£37,310

 

2002

£25,626,034

 

1969

£73,685

 
2003
£25,869,917
 

1970

£57,245

 
2004
£26,840,761
 

1971

£66,973

 
2005
£27,035,130
 

1972

£64,993

 
2006
£25,544,765
 

1973

£58,048

       

Note: (I). No details available.

Note: From 1934 to 1955 a diminishing proportion of the surplus was allocated to The All England Club