Tennis: revenues of £47m and a net loss of £1.8m for the Lawn Tennis Association in 2020

The LTA posted revenues of £47m (€51.9m, £77.3m in 2019) and operating expenses of £53.5m (€59.1m, £72.9m in 2019) for an operating loss of £5.2m (-€5.7m, +£8.7m in 2019) for the year ended 31/12/2020, announced the body in its annual report published on 27/05/2021.

"In 2020 the LTA recorded an operating loss of £5.2m, which once gains in investments was taken into account, was reduced to an overall loss for the year of £1.8m. Compared to 2019 the LTA’s income fell by £30m due to the cancellation of events, including the cancellation of The Championships. Although the annual surplus was substantially covered by the AELTC's cancellation insurance policy, this resulted in a reduced figure from a normal year (see below). The LTA reduced its own costs by £19.3m (€21.3m), largely through the cancellation of its major events and reduction in costs in other areas of the business at the outset of the pandemic," explained the LTA.

"Beyond this, despite the challenging circumstances, the LTA continued to progress against its 5 year strategic plan with 2020 seeing a 8% growth in yearly…