Brexit effect: French Open aces the Big W

The French Open will this month serve up the largest prize money pot in Grand Slam tennis so far this year, taking advantage of Brexit’s hit on Wimbledon’s purse as it shakes off its old reputation as the poorer cousin of the big four tournaments.

This year’s clay-court slam will award prize money totalling 39.20 million euros ($45.73 million). That trumps the Australian Open and Wimbledon, though it will almost certainly be knocked off the top spot by the U.S. Open.

In a year in which Swiss great Roger Federer said he was “bored” with having to push the Grand Slams to increase the levels of prize money, the French Tennis Federation (FFT) is increasing its overall pot by 8 percent on 2017.

First round losers will see the biggest rise of 14.3 percent and take home 40,000 euros. Winners of the men’s and women’s singles tournaments will each receive a cheque for 2.2 million euros - just shy of a five percent increase.

PARIS:

DIFFICULT BATTLE Nonetheless, the FFT acknowledges it will be difficult in what is a gruelling wage battle to maintain the near double-digit increases in the coming years.

The modernisation of Roland Garros, including a new centre court with retractable roof, will cost up to 400 million euros, according to Le Monde, financed by the federation itself.

“We have the burden of debt, so we will not be able to continue increasing prize money at the rhythm of previous years,” said FFT chief Bernard Giudicelli.

He added that the French Open was leading the way in narrowing the gap between how much the champions and early losers take home.

“We’re happy to see other Grand Slams follow our example in reducing the winnings ratio between champion and firstround losers,” Giudicelli said.