Carlos Alcaraz is poised to lose a significant portion of his £2.1 million French Open prize money.
The Spanish player defeated Jannik Sinner in a gripping final on Sunday, which lasted five hours and 29 minutes.
Alcaraz mounted an incredible comeback, saving three match points in the fourth set to secure the victory with a score of 4-6, 6-7, 6-4, 7-6, 7-6.
This marks his second consecutive French Open title, earning him a substantial £2.13 million prize.
According to the rules, taxes on prize money earned must be paid in the country where the tournament takes place.
Consequently, Alcaraz is required to pay 30 percent to the French government, as this is the local tax rate applicable to winnings of this amount.
This means the 22-year-old will pay a significant sum of £639,000 in taxes.
Nevertheless, his net winnings will still amount to a considerable £1,491,000.
Alcaraz will not be liable for income tax on his Roland Garros winnings in Spain.
However, since he remains registered as a resident in Spain, other income sources such as sponsorship deals may be subject to Spanish taxation.
To date, Alcaraz has accumulated £35.3 million in prize money throughout his career.
Speaking to the Tennis Channel before the French Open, Alcaraz shared how he spends his winnings: “Not after every big win, but for example at the Grand Slams, if I reach the semi-finals, I like to buy myself a new pair of sneakers. If I feel like I had a good season, at the end of the year I`ll buy myself a nice watch.”
Alcaraz has now claimed five Grand Slam titles, a milestone reached at a younger age only by Bjorn Borg and Rafael Nadal.
He is currently the joint favourite, alongside Sinner, to win Wimbledon, which is scheduled to begin at the end of June.
