Wimbledon prize money rises to record £50m as Murray to be honoured

The total pot is 11.9 per cent, or £5.3 million, more than the All England Lawn Tennis Club (AELTC) paid out at last year's tournament and double the amount on offer in 2014.

The men's and women's singles champions will each receive £2.7 million, compared to £2.35 million last year, and first-round losers will get £60,000, a rise of £5,000 in 2023.

Losing finalists will be paid £1.4 million each.

The grasscourt Grand Slam runs from July 1st to 14th, with Spaniard Carlos Alcaraz and Czech Marketa Vondrousova the defending champions.

Wimbledon reported a turnover of £380.2 million last year and an operating profit of £53.8 million.

AELTC chair Debbie Jevans told a news conference that organisers had sought a balance between supporting those who relied on prize money to fund coaching, travel and expenses and rewarding the top-level players.

"Interest in attending Wimbledon has never been greater, with unprecedented demand for tickets through our public ballot and corporate hospitality," said Jevans.

"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."

Jevans also announced that wheelchair competitions would have a prize pot of one million pounds to reflect their growing popularity, with singles and doubles draws expanding to 16 players and eight teams.

This year's tournament could be the last for former world number one Murray, whose 2013 title made him the first British Wimbledon men's singles champion since Fred Perry in 1936. He also won in 2016.

AELTC chief executive Sally Bolton said very adaptable plans were in place to honour the Scot.

"We are ready and prepared but ultimately it's Andy's decision and we will very much be led by him, and we can amend our plans accordingly," she said.

"We're clear about what we want to do but it's really important that this is Andy's call."