Britain's vote to leave the European Union has hit the tennis world, too.
The prestigious Wimbledon championships, held in London, started Monday. The dollar value of prizes given to the grass-court winners has dropped since early Friday local time, when referendum results shocked financial markets and sent the pound into a tailspin.
Winners of the men's and women's singles competitions will make £2 million (S$3.6 million) this year. On Thursday afternoon that was equal to roughly US$3 million (S$4.1 million), as the pound traded around $1.50. But by Monday, the pound traded at about $1.32, trimming about US$360,000 off the prize's dollar value.
The top prize increased to £2 million this year from £1.88 million last year.
The currency depreciation likely won't make a difference for established elite tennis players, who have lucrative endorsement deals off the court to add to their tournament winnings.