MELBOURNE: The prize fund for this year’s Australian Open has been increased by 16 percent to A$111.5 million ($74.88 million), making it the largest purse in the tournament’s history, organizers announced on Tuesday. The two singles champions will each pocket A$4.15 million, up from the A$3.5 million which Jannik Sinner and Madison Keys took home last year. “This 16 percent increase demonstrates our commitment to supporting tennis careers at every level,” said Tennis Australia CEO Craig Tiley.

Men’s and women’s singles champions will pocket $4.5m each while players who lose in qualifying still take home at least $40,500

MELBOURNE: The prize fund for this year’s Australian Open has been increased by 16 percent to A$111.5 million ($74.88 million), making it the largest purse in the tournament’s…