Wimbledon - Wimbledon achieves record profits for LTA

Profits from this year's Wimbledon championships increased by seven percent to record levels, the Lawn Tennis Association has revealed.

The LTA, which organises the two-week grand slam, published its annual report and financial review which showed profits at the grasscourt tournament rose to £37.8 million, up from £35.2m the previous year.

The surplus is invested back into British tennis.

The LTA also said it spent £12.3m on player development with £17.4m going on encouraging people to take up the sport.

The governing body highlighted the impact of an excellent year for Britain's Andy Murray, who claimed Olympic gold before taking the US Open title, in boosting grassroots participation.