Wimbledon announces record prize money of £40.3 million to attract players to participate

On Thursday, Wimbledon announced that the overall prize money for this summer's tournament will be a record £40.3 million which is 11% higher than the previous tournament.

The decision came in a bid to attract players as there were speculations that the removal of ranking points following the ban on Russian and Belarusian players could lead players to opting out of the event.

Chairman of the All England Club, Ian Hewitt said that the prize money distribution aims to reflect just how important the players are to The Championships.

The prize money for the men's and women's singles winners has increased to 17.6% than the last year but is lesser than the pre-pandemic time. They will each be awarded £2m.

The players who will be playing the qualifying rounds will benefit from a 26 percent increase from 2021. Quad wheelchair tennis will also see a 60% rise in pay for its two draws.

The grass court major begins June 27 at full capacity for the first time in three years.

Also read: Rafael Nadal to play at Wimbledon 'if new treatment works'