British tennis star Cameron Norrie has spoken out about his Wimbledon run in 2025, saying that there was nothing to lament about the experience, even though he faces a staggering £180,000 tax bill. The 29-year-old reached the Wimbledon quarter-finals for only the second time, but Carlos Alcaraz bested him in straight sets. Despite the loss, Norrie graciously praised his conqueror as "unreal", while Jannik Sinner went on to halt Alcaraz's attempt at a third consecutive title by taking Sunday's final.
While Norrie is still chasing Grand Slam glory, his run to the top eight earned him £400k at Wimbledon. Whilst remaining upbeat for his supporters, he might part with up to 45 per cent of his prize money due to tax obligations. Despite residing in the tax-friendly haven of Monaco, Norrie will have to pay taxes in the UK under Wimbledon's stringent regulations.
A blanket 20 per cent tax is levied by tournament organisers on all prize winnings and, where main draw earnings surpass the 40 per cent tax bracket, additional taxation comes into force. For top earners like Norrie, this rate is likely to be 45 per cent, according to tax expert Paul Barham from Forvis Mazars to Express Sport.
Barham eplained that Norrie stands to forfeit £180k to HM Revenue & Customs. Nevertheless, he clarified that the players could reduce their tax liabilities by deducting legitimate expenses.
Barham emphasised the financial intricacies facing tennis stars, stating: "These figures represent the liabilities before taking into account any deductible expenses such as travel and accommodation costs and coaching fees. These expenses can be deducted from the taxable amount and will therefore reduce the final tax bill."
To be the first to receive the latest Wimbledon news, join our WhatsApp community or Wimbledon newsletter
Despite the substantial fiscal considerations, Norrie's exploits at the Grand Slam this year have been nothing short of remarkable. After a sterling run to the semi-final of Wimbledon in 2022, where he succumbed to Novak Djokovic, who ultimately claimed his seventh title at the historic event after defeating Nick Kyrgios, Norrie has continued to showcase rare form.
"Nothing but positives to take from this year's Wimbledon," Norrie stated on Instagram. "Thank you to everyone for the efforts that you put in to show your support! We keep on enjoying
Djokovic hasn't clinched another Wimbledon victory with Alcaraz triumphing in 2023 and 2024. Sinner finally broke a losing streak against Alcaraz in Sunday's gripping final.
Still, Norrie remains awestruck by the Spaniard's prowess, admitting post-quarter final defeat: "His level was unreal. He is the favourite to win, for sure. He is probably the best player in the world at the moment, the most confident player on his best surface. He makes it look quite easy because he's enjoying it so much.
"I just left the court with the head really, really high because I did everything that I could today. I just want to think, OK, I just played a final in a Grand Slam, and try to forget that I lost it. It's just about [the fact] I was able to play in it. So, right now I'm not bad at all. I'm just happy."
This article first appeared on Daily Express US.
You may also like
Navi Mumbai News: NMMC To Conduct Exams For 668 Group C & D Posts From July 16; 84,774 Applicants To Appear Across 12 Districts
EAM seeks de-escalation, fair trade with China, hails progress in relationship
Billie Eilish parents considered putting her in therapy over unlikely obsession
Fortnite update 36.20 release date, downtime, patch notes for Fortress of Solitude update
Spinal Tap star 'Viv Savage' David Kaff dies aged 79 as friends pay tribute