Wimbledon Profits Fall 10 Percent
WIMBLEDON, England (AP) _ Wimbledon profits were down 10 percent this year despite record crowds, the tournament’s first decrease in 20 years.
Pre-tax profits from the 1999 championships were reported at $48.9 million, down from $53.4 million in 1998, the Lawn Tennis Association said Wednesday.
Reports attributed the decline to reduced television revenues, especially from Germany where the retirement of Boris Becker and Steffi Graf hurt tennis ratings.
This is the first time since 1979 that Wimbledon profits have not been higher than the previous year.
LTA chief executive John Crowther still called it ``another excellent year for British tennis″ and suggested the decline was a one-year blip.
Wimbledon attendance for the two weeks was 457,069, an increase of 32,701 from 1998.