Wimbledon men's and women's champions to scoop 1millon Euros

The winners of the men's and women's singles titles at this year's Wimbledon Championships will earn a record 1m Euros.

The All England Club has increased the winners' prize money by 150,000 Euros to offset the fall in value of the British pound against the dollar and euro.

The rise means the men's prize money has doubled over the past 10 years.

"We need to offer prize money that is commensurate with the tournament and competitive in the market," said All England Club chairman Tim Phillips.

"It's important that we offer a level of prize money which is both appropriate to the prestige of the event and which gives the players full and fair reward."