Despite pocketing a cool £226,000 from her recent Wimbledon stint, Emma Raducanu is set to take a financial hit. The 21-year-old tennis star faced off against last-minute replacement Renata Zarazua in the tournament’s opening game, besting the Mexican player with scores of 7-6 and 6-3 to secure her spot in the second round. She then breezed past Elise Mertens with 6-1 and 6-2 victories, advancing to the third round where she made short work of Maria Sakkari, winning 6-2 and 6-3.
However, the British tennis sensation’s journey came to an abrupt end in the round of 16 when she was pitted against New Zealand’s Lulu Sun. Sun took the first game 6-2, but Raducanu fought back to win the second 7-5. Sadly, this would be her last victory at Wimbledon 2024, as Sun once again triumphed 6-2 in the third set, knocking Raducanu out of the competition. Even though she was eliminated in the round of 16, the star reportedly walked away with a £226,000 paycheck for her participation in the London-based Grand Slam.
However, financial experts predict that she’ll face significant financial fees off the court. Dr. Rob Wilson, speaking to OLBG, explained:
“Emma Raducanu, like most athletes who earn any kind of real money, will be set up as a company for the purposes of taxation and earning profits etc. She’ll pay, on the basis that she’s based in the UK, 20% corporation tax up to a certain level and then 25% as soon as those profits go above the next tax threshold. So if she were to earn, say, £10 million she would be expected to be taxed by around £2.5 million, and then there will be deductible expenses through a company to try and bring that tax bill down, which are all legitimate. But she will have a significant tax bill based upon her Wimbledon earnings which are as of yet to be confirmed. Realistically, 20% corporation tax on top of those earnings.”
This financial reality follows accusations that Raducanu spoiled tennis legend Andy Murray’s Wimbledon farewell in the mixed doubles tournament. Initially, Murray was set to participate in the men’s singles tournament, but he couldn’t make his first match with Tomas Machac due to recovery from a back operation.
Emma Raducanu in 2024
LWWWLWWLWW Ranked no.135, the Brit played her last match on the 7th of July when she capitulated to world no.123 LuluAnke Sun 6-2 5-7 6-2 in the 4th round in Wimbledon (draw).
This season Emma has managed to achieve a compiled 16-10 match record. Emma Raducanu’s most significant result of the present season was getting to the semifinal in Nottingham.
Emma Raducanu will take on the world no.48 Viktoriya Tomova in the final. Their record is 1-0 for Tomova.
Emma Raducanu |
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