Surplus deal agreed
Originally published on: 26/02/10 12:10
The current agreement will continue until 2013, when the new one will take effect.
From August 1, 2013 the LTA will receive 90% of the financial surplus resulting from the annual staging of Wimbledon, until at least 2053. In return the LTA will sell its 50% share of the company which owns the Wimbledon tennis site and facilities.
LTA president Stuart Smith said: “This agreement is fantastic news for all involved in British tennis.
“The Championships will continue to invest in our sport and together we can build on the strong foundations that have been laid to ensure that tennis goes from strength to strength.”