The Lawn Tennis Association’s fine for banning Russian and Belarusian players from last year’s grass-court season contributed to operating losses of £9.5million in 2022.
The governing body did not allow Russians or Belarusians to play at Wimbledon or any of the warm-up tournaments in Nottingham, Birmingham, Eastbourne or at Queen’s following Russia’s illegal invasion of Ukraine.
It was subsequently hit with a £1.4m fine by the ATP and WTA and a warning that it could be stripped of hosting future events.
The staging of the Billie Jean King Cup finals and the Davis Cup finals group stage was also a big factor in the losses, alongside societal issues such as inflation.
Despite those losses, the LTA has continued to invest in grassroots tennis, which led to a 43 per cent rise in participants, with over 5.2million adults playing.
That is the highest number since the LTA began the survey, with 2022 seeing participation growing in all areas of the country and in all demographics.
LTA chief executive Scott Lloyd said: “2022 was a year of real achievement for British tennis at both the grassroots and top professional level. We made strong progress against our plans for delivering on our five-year strategy to open tennis up and achieved a number of our objectives a year early.
“There were challenges throughout the year, but we have tried to ensure the sport is thriving at all levels, continued to raise the visibility of the sport and have given our British players the best possible support.
“Although the financial picture was challenging this year, taken as a whole, the past four years have resulted in a loss of £6.4m despite the pandemic, volatility in world markets and unforeseen factors such as the fines from the ATP and WTA – whilst during this time we delivered significant growth for the sport.
“We are continuing to invest across the length and breadth of the sport this year and, as well as many other initiatives, will be renovating thousands of public park courts across the country in partnership with the LTA Tennis Foundation and UK Government.”
Sinner inspires comeback to help Italy reach Davis Cup semi-finals
Jannik Sinner kept Italy's hopes of retaining the Davis Cup alive after winning matches in the singles and doubles to inspire a 2-1 comeback triumph over Argentina on Thursday.
Sinner and Matteo Berrettini edged Maximo Gonzalez and Andres Molteni 6-4 7-5 in the deciding game to set up a rematch of last year's showpiece against Australia in the final four.
However, the Italians started off on the back foot when Francisco Cerundolo downed Olympic bronze medallist Lorenzo Musetti 6-4 6-1 in an hour and 29 minutes.
Musetti converted just two of the eight break points he was presented with, as Cerundolo put Argentina on the brink of reaching the semi-finals for the first time since 2016.
But two-time grand slam champion Sinner, who won the ATP Finals last weekend, carried his momentum forward from Turin against Sebastian Baez.
The world number one breezed to a 6-2 6-1 win over his opponent, serving seven aces to the Argentine's one, while also saving all four break points he faced.
Sinner then returned to the court alongside Berrettini, with the pair replacing Simone Bolelli and Andrea Vavassori in the must-win clash.
The pair won 90% of their first-serve points and fended off all five break points they faced, earning a key break at 5-5 in the second set before surging to victory.
"It was a must-win match," said Sinner. "Very different conditions. The court is very, very fast and tough to play.
"I haven't had so much time to adapt to the conditions, but I'm happy about today."
Data Debrief: The Italian Job
Italy edged closer to becoming only the sixth nation to retain the Davis Cup since the final stage was introduced 52 years ago, and first since the Czech Republic in 2013.
But they were inspired by Sinner once again, who proved why he will end the year at the summit of the ATP rankings.
And after leading Italy to their first Davis Cup title since 1976 with a victory against Australia's Alex de Minaur last year, he will fancy his chances this time around.
Ebden and Thompson send Australia to third straight Davis Cup semi
Matthew Ebden and Jordan Thompson booked Australia's place in the Davis Cup semi-finals after the pair clinched their deciding match against the United States to win 2-1.
The pair, who won gold at the Paris Olympics, beat Tommy Paul and Ben Shelton 6-4 6-4 to put Lleyton Hewitt's side into their third successive semi-final at the men's team event.
Australia, who have won the tournament 28 times, largely had Thanasi Kokkinakis to thank after his remarkable triumph over Shelton in the first match of the day.
Kokkinakis saved four match points and let slip six of his own before eventually prevailing 6-1 4-6 7-6 (16-14) in an engrossing encounter that lasted two hours and 14 minutes.
However, in the rematch of a recent ATP Finals group-stage match, Taylor Fritz emerged victorious over Alex De Minaur as he did in Turin a week ago.
Despite De Minaur going 2-0 up in the second set, Fritz roared back to earn a 6-3 6-4 victory to send the tie the distance in Malaga.
But Australia held their nerve, and will discover their opponents later on Thursday when reigning champions Italy take on Argentina.
Ebden and Thompson’s win came after United States’ captain Bob Bryan opted for a late change, with Paul and Shelton replacing Austin Krajicek and Rajeev Ram.
“We were expecting the other pair, but we knew they’ve got incredible players who can play doubles,” said Ebden.
“We were ready. A slight adjustment obviously. More huge serving singles players than the doubles craft, maybe, but it was just as big a challenge as any.
"Out here, finals live match, just to play with Jordan here was real fun. Following what Kokk did, unfortunately Alex went down, but what a day. So fun, so happy.”
Data Debrief: Australia ready to right Davis Cup wrongs
Australia have failed to win the Davis Cup since 2003, but they will be confident of halting that streak this time around.
If they take the trophy, they will have reason to thank Kokkinakis, whose tie-break win against Shelton was the longest an Australian player had featured in at the tournament, surpassing Pat Rafter's win over David Rikl in the 1997 quarter-finals of the competition (15-13).
Ebden and Thompson also shone when it mattered most, serving four aces compared to Paul and Shelton's two, while also winning 92% of their first-serve points.
Paolini and Bronzetti seal fifth Billie Jean King Cup for Italy
Victories for Jasmine Paolini and Lucia Bronzetti handed Italy their fifth Billie Jean King Cup title as they overcame Slovakia in Wednesday's final in Malaga.
Italy, who were beaten in last year's final by Canada, overcame Poland in the semi-finals on Monday as Paolini partnered Sara Errani for a decisive doubles win over world number two Iga Swiatek and Katarzyna Kawa.
The showpiece contest began with Bronzetti triumphing 6-2 6-4 against Viktoria Hruncakova, before Paolini took to the court to face Rebecca Sramkova.
The world number four – who won doubles gold at the Paris Olympics in August to cap her breakout year – eased past Sramkova by a 6-2 6-1 scoreline to ensure a doubles match was not required.
Speaking after Italy claimed the trophy for the first time since 2011, Bronzetti heaped praise upon her team-mate and revealed she had struggled to sleep before playing in front of 12-time grand slam champion King.
"Jasmine raised her level really high this year. She's an example for all of us," Bronzetti said.
Asked about King's presence in the crowd, Bronzetti added: "She is a great person, a great legend. I didn't sleep very well.
"You're not playing just for yourself. You're playing for your team and your country. We all want this trophy, and it is our dream, all Italians."
Data Debrief: Five-star Italy
Italy have claimed their fifth Billie Jean King Cup, having previously triumphed in 2006, 2009, 2010 and 2013.
Only the United States (18), Czechoslovakia/Czechia (11) and Australia (seven) have won more. Spain and Russia (also including the USSR and Russian Tennis Federation) have also tasted success five times.
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