Emma Raducanu’s enterprise, Harbour 6 Limited, has achieved a significant milestone in financial success, boasting a remarkable profit of nearly £10 million in the previous year. Despite encountering substantial obstacles on the tennis court due to a series of surgeries, the 21-year-old tennis prodigy has effectively secured lucrative off-court agreements, elevating her financial status to unprecedented levels.
Serving as the director and sole employee of Harbour 6 Limited, Raducanu has experienced a substantial surge in profits, with the company’s earnings escalating from £667k in 2022 to an astounding £10.2m in 2023. However, this surge in revenue has also resulted in a substantial £1.8m corporation tax bill for the business.
Upon examination of the company’s financial records, it is revealed that it held over £6.2m in cash, £2.3m in stocks, and was owed £1.6m by debtors. Additionally, Raducanu loaned herself £350k from the company while also covering a £74k VAT payment.
In stark contrast, Raducanu’s on-court earnings amounted to a mere £190k in prize money for 2023, as she was only able to compete in her final match of the year in April before undergoing a series of surgeries. Her overall career prize money falls short of the profits generated by her business last year, amounting to £3.2m.
Despite her limited on-court appearances, Raducanu’s substantial windfall in 2021 from her historic US Open victory continues to yield dividends. As the first qualifier in tennis history to secure a Grand Slam title, Raducanu quickly established herself as a global sensation, garnering lucrative sponsorship deals with renowned brands such as Dior, Tiffany & Co, British Airways, HSBC, and Evian. She is also a sponsored athlete for Porsche and recently participated in the Porsche Tennis Grand Prix in Stuttgart as a wildcard entry.
During the tournament, Raducanu showcased her exceptional talent by defeating three-time Major winner Angelique Kerber in a commanding 6-2 6-1 victory. Reflecting on her performance, Raducanu expressed her satisfaction with the outcome and acknowledged the challenges posed by an experienced player like Kerber.
Raducanu’s unparalleled success on and off the court exemplifies her prowess as an emerging star in the realm of tennis, solidifying her position as a formidable force in the sport. Her remarkable financial achievements serve as a testament to her unwavering dedication and the far-reaching impact of her exceptional talent.