Record Prize Money in History Promised to Women’s Tournament
Disparity not only in regular earning rates but also in prize money between men’s and women’s teams continue to rumble in the world of sport. Hence it comes as a refreshing change that China is now offering the most significant amount in prize money in the history of tennis for a women’s tournament. The amount of $4.75 million is the tag attached to the winning prize of the Shiseido WTA which is being held in Shenzhen. The amount is exceeding even the most significant sum ever paid to a male tennis player.
A Grand Moment in the History of Women’s Sport
The offered prize money is exceeding the money paid to the entire United States Women’s National Team for winning the FIFA Women’s World Cup earlier this year. It is also more than what Tiger Woods pocketed for winning the Masters. It is even almost double which was paid to the winner of the ATP finals which is considered to be the equivalent to the tournament. In an interview with Ashleigh Barty, the current No. 1 in the world, she mentioned that it is fantastic that sponsors were willing to offer such a large amount. She also said that although it is excellent, it is also a reflection of more than just prize money, but the increased popularity of the sport in the world. All the players of the past, building the competition needs to be recognized for this as well.
The WTA Finals
The Shiseido WTA finals will bring together a total of eight of the best players during the tour. They will compete firstly in two round-robin groups and then in knockout rounds to determine who will be crowned the winner of the WTA. Over the past couple of years, eight of the most recent sixteen winners were undefeated during the entire tournament. Elina Svitolina, the victor of 2018, being the most recent of them.
The players who are competing against each other for the mega prize qualified according to a system based on the Porsche Race Rankings. This entails that points are accumulated from the four grand slams as well as the 53 WTA tournaments.
The total amount of prize money is set at $14 million and all competing are keen on claiming their share of it. The prize money has been doubled since last year. This is thanks to the new title sponsor of the tournament. Shiseido is a beauty company and is recognized as the largest in Japan and the fifth largest in the world.
Getting Even In Payment
It took many years for all the grand slams to achieve equal prize money for both the men’s and women’s champions. Wimbledon was the last grand slam to change over and has done so in 2007. This year, however, the WTA Finals has become the most lucrative of all the leading tournaments.