Wimbledon â€” the oldest tennis tournament in the world â€” is the latest casualty of Britain leaving the European Union.
The 2016 edition of the prestigious sporting event will see winners getting less in prize money as compared to the previous year, thanks to a sharp fall in the British pound that has been hammered since Britain's exit (Brexit) from the 28-member bloc. The overall prize money will be $3,60,000 less than the amount won by the winners in 2015, based on the pound's exchange rate to the US dollar.
The prize money for men and women's singles was raised to Â£2 million for this year from Â£1.88 million last year. Based on Thursday's exchange rate of $1.50 to the British pound, this translated to $3 million, but since the pound got devalued further to $1.32 by Monday, the overall value in dollar terms is $3,60,000 less, CNBC reported.
Clearly, Brexit woes are not confined to the financial markets alone.
Of course, with players having multi-million endorsement deals, the impact of the pound's devaluation would be minimal on players, CNBC added.
Winners prize money
Last year's winners Serb Novak Djokovic and America's Serena Williams took home Â£1.88 million each.
This would be the first time when wheelchair singles event will be held in the 2016 championships, which will take place at the All England Club.The prize money for wheelchair players was fixed at Â£200,000 for this year, BBC reported.