Andy Murray Starts To Realize Economic Impact Of His Wimbledon Win

Written by: Staff on 15th July 2013

Andy Murray Starts To Realize Economic Impact Of His Wimbledon Win

epa03779997 Andy Murray of Britain kisses the championship trophy after defeating Novak Djokovic of Serbia in the men's final for the Wimbledon Championships at the All England Lawn Tennis Club, in London, Britain, 07 July 2013. EPA/ANJA NIEDRINGHAUS / POOL |

A week on from his historic Wimbledon triumph, Andy Murray admitted the £1.6 million ($US 2.412m) he won for becoming the British male to lift the Men’s Singles Trophy, didn’t occur to him until All England Club chairman Philip Brook reminded him of the fact several hours later.

Murray had gone through all the hoopla of his victory against Novak Djokovic and it was gone midnight when he sat back at the Champion’s Dinner, in London’s West End at the Intercontinental Hotel on Park Lane, when Brook pointed out his added wealth.

“I was sitting next to Phil Brook who had [ladies’ champion] Marion Bartoli on his other side. I think he was talking about some of the past champions that were there too,” recalled Murray whose fortune from prize money alone currently stands just shy of the $30 million mark

“He just said ‘Yes, and none of them won £1.6 million’. I mean, it’s a ridiculous sum of money for winning a tennis tournament.”

Throughout the last week there has been much financial speculation in Britain that Murray’s financial worth could spiral beyond the $300 million mark and while not divulging too many secrets his management company XIX Entertainment admit that the telephone have barely stopped ringing at their Battersea offices this week with lucrative offers.

Throughout the spring Fuller held off from signing any new endorsements, believing a Wimbledon title would give his player increased bargaining power. Such has proved to be the case and this week XIX Entertainment and adidas renewed negotiations about renewing Murray’s five-year, £15 million deal, which expires at the end of 2014, to wear their tennis clothing and shoes. A new contract, likely to more than double in value, is set to make him a global brand ambassador.

However Murray has long been reluctant to commit too much time to his endorsements, that also include a three-year £9.9 million deal with Swiss watchmaker Rado. He also gets £2 million a year from RBS as well as contracts with racket maker Head and Jaguar cars but views the process of spending two or three days filming television commercials as abhorrent.

With a lot more financial inducement now on the table, will his views change? “I don’t know,” he answered. “The one thing I’d say is that there are certain times that are really important to me – such as my training blocks – and I won’t let anything get in the way of those.

“I’m sure more things will come from winning Wimbledon, but hopefully more people will be interested in doing things with less time. That would be the ideal scenario.”

Like Tim Henman, his predecessor as British no.1, and many other former tennis players including Sue Barker, Murray employs wealth management adviser in Neil Grainger of Talent Financial to ensure his fortune is functioning in the most lucrative manner. And Murray admits his interest in exactly how rich he is has heightened with the increased success of recent years.

Murray said: “There are certain things I like to do and that I’m interested in. So I sit down with Neil three or four times a year. He’s been around tennis for a long time and he’s helped me a lot. He’s really, really good.”

In broadening his wealth portfolio, Murray is concentrating mainly on property and spent £1.8 million purchasing the Cromlix House Hotel near his hometown of Dunblane and has designated another £1 million for renovations to have the establishment, complete with a restaurant run by Albert Roux, in time for next year’s Ryder Cup at Gleneagles.

“I’ve started to take more of an interest in it just because I was getting older,” said the 26 year-old.

©DAily Tennis News

Topics: All England Club, Andy Murray, Novak Djokovic, Phillip Brook, Sports, Tennis News, Wimbledon Champion

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10sBalls_com says:

July 15, 2013 at 7:55 am

@andy_murray Starts To Realize Economic Impact Of His Wimbledon Win – http://t.co/dsRzdRAUym @Wimbledon @BleacherReport #Tennis