sport news he LTA is slammed over its failure to repay the £1.2m in furlough money it ... trends now
The Lawn Tennis Association are facing criticism for failing to repay £1.2millon in furlough money despite receiving lavish funding from Wimbledon that has enabled them to build up cash reserves of £30m, with a further £42m held by their charitable foundation.
The sport’s governing body received funding from the Coronavirus Job Retention Scheme to help them keep on coaches when courts were shut in the summer of 2020 but ahead of the first normal Wimbledon in three years are under pressure to pay it back.
The LTA were able to withstand financial devastation during the pandemic due to their funding arrangement with Wimbledon, who in an extraordinary contract that runs until 2053 pay them 90 per cent of the surplus revenue generated by the Championships each year.
As a result of Wimbledon’s insurance policy the LTA received £36m in 2020 despite the Championships not taking place, a handout which rose to £39m last year when limited crowds were permitted to return to SW19.
The Taxpayers Alliance last night called on the LTA to pay back some of the
