On 9 July, 1877 the first Championships began at the All England Croquet and Lawn Tennis Club in Wimbledon.
It is the oldest tennis championship in the world, and is the only grand slam' event played on grass.
There was only one event in 1877 the gentlemen's singles (there wouldn't be a ladies' championships till 1884). A field of 22 took part, having paid the one guinea entry fee. It was won by 27-year-old Old Harrovian and ex-Surrey country cricketer, Spencer Gore, who defeated William Marshall 6-1, 6-2, 6-4 in front of a crowd of around 200 spectators.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Entrance fee for spectators was a shilling, and the prize for the winner was £12 roughly £1,300 in today's money.
Things have changed greatly since then, of course. It's much more lucrative, for one. This year's singles winners took home £1,760,000. First round losers were given £27,000.
The number of spectators has gone up somewhat, too. At any one time, there are around 38,500 of them in the grounds, who get through 200,000 glasses of Pimms, 28,000 kilos of strawberries and 7,000 litres of cream. They bought 28,600 official' towels, and 10,000 umbrellas.
There is no information about what sort of profit the first championships made. But in 1879, the first year for which figures are available, there was a surplus' of £116. In 2013, that figure was £35,107,812 90% of that is handed over to the Lawn Tennis Association to be used to develop British tennis.
-
Paying the grandkids’ school fees could generate a shock IHT billPrivate school fees have soared as a result of the government’s VAT policy, meaning more grandparents are helping out – but what are the tax implications?
-
Number of savings deals hits record high – as interest rates slump to two-year lowSavers have more choice than ever when it comes to choosing a savings account or cash ISA. But, the interest rates on offer continue to fall. What’s next for the savings market?
