Wednesday, April 22, 2009

WIMBLEDON PRIZE MONEY POUNDED

The prize for each of the men's and women's champions went up by 13.3 percent to 850,000 pounds ($1.24 million), organizers said Tuesday, but the pound's weak exchange rate means that translates to a reduction in dollars of 17 percent from last year's $1.49 million.

Buoyed by a new television contract in Asia and the extension of its commercial agreement with IBM, the tournament has also raised the total prize fund for the June 22-July 5 tournament by 6.2 percent to 12.55 million pounds ($18.38 million).

But that still compares unfavorably to last year's $23.46 million despite the increase being nearly double the 3.4 percent hike the All England Club managed 12 months ago.

AP

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