Tennis stars win more earn less at Wimbledon 2016, courtesy Brexit

By: | Published: July 11, 2016 2:25 PM

It rarely happens when you win more and yet earn less. The champions of Wimbledon 2016 faced the same situation, courtesy Brexit.

serena-LSerena Williams has become one of five women, after Maureen Connolly, Margaret Court, Martina Navratilova and Steffi Graf, to hold all four grand slam titles at the same time. (Reuters)

It rarely happens when you win more and yet earn less. The champions of Wimbledon 2016 faced the same situation, courtesy Brexit.

In a historic poll, the British citizens opted to walk out of the European Union on June 23, sending shocks through the global financial markets and plummeting the value of the British pound by 10 per cent, lowest in the last 30 years.

The effect was so much that Serena Williams, who won the women singles of the tournament, took home the prize money worth $380,000 less than it was a few days before the start of the tournament.

Williams beat Angelique Kerber 7-5, 6-3 in the final to win her 22nd major title. She is now tied with Steffi Graf for most major titles in the Open Era.

Williams has become one of five women, after Maureen Connolly, Margaret Court, Martina Navratilova and Steffi Graf, to hold all four grand slam titles at the same time.

She also owns 13 women’s grand slam doubles titles with older sister Venus and has won four Olympic gold medals: singles (2012), doubles (2000, 2008, 2012).

The winner’s prize was worth $2.59 million, which when converted to US dollars was about $380,000 less than it could have been minus the Brexit. Ironic it may sound, but Williams actually took home less amount than her last year’s prize money.

At the start of the tournament, the organisers had increased the prize money by about 5%. The total prize money was equal to roughly $3 million, as the pound traded around $1.50.

But within days, the pound traded at around $1.32, trimming about $360,000 off the prize’s dollar value for the winners of women’s and men’s singles titles.

Men’s singles champion Andy Murray has emerged lucky, however, as being a UK citizen, he needn’t convert his pounds into dollars. It was Murray’s second Wimbledon title in four years.

(With agency inputs)

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