Wimbledon have announced that £50million is up for grabs for the tournament’s stars this summer.

The latest edition of the competition takes place next month. It is set to get underway on July 1 and run for two weeks until July 14.

Carlos Alcaraz will be out to defend the title that he claimed 12 months ago - and add another Wimbledon crown to the French Open title that he secured earlier this month. Marketa Vondrousova will also be hoping to reclaim the trophy that she surprisingly won in 2023.

While silverware will be up for grabs, the All England Lawn Tennis Club have confirmed a record-breaking prize pot. For the first time ever, over £50m is on offer - 11.9 per cent increase on last year.

Deborah Jevans, Chair of the All England Club, said: “With this year’s Championships only days away, I am delighted to announce a record prize money fund of £50 million, with increases for players in every round and across every event. I am particularly pleased that we have been able to increase prize money for the wheelchair and quad wheelchair competitions to £1 million for the first time.

“Interest in attending Wimbledon has never been greater, with unprecedented demand for tickets through our public ballot and corporate hospitality. A thriving, successful Championships gives us the opportunity to give back: to the sport, to our local community, and to strategically invest for the future.”

The men’s and ladies’ singles champions will earn £2.7 million and £1.4 million respectively. Meanwhile, first-round entrants will still receive at least £60,000.

Marketa Vondrousova celebrates winning the women's singles title in 2023 (
Image:
Getty Images)

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It means that the prize money for Wimbledon has doubled within the last 10 years. Men’s singles champion Carlos Alcaraz has already been asked about his ambitions. The Spaniard is set to represent Spain at this summer’s Olympics in Paris and revealed that he would prefer to win gold rather than claim Wimbledon again.

He said: “The Olympic Games are every four years and it’s a special tournament where you’re not only playing for yourself, but for a country, representing every Spaniard. I think this year I’d choose Olympic gold.”

His compatriot Rafael Nadal will also play at the Olympics, with the pair set to be doubles partners next month. Spain's national team coach, David Ferrer, confirmed: "One pair, which I think everyone knows and was hoping for, is Carlos Alcaraz and Rafael Nadal. Rafa and Carlos will be playing together in Paris."

Nadal will therefore not be playing at Wimbledon. He has won the tournament twice in his career - in 2008 and 2010.

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