The accounts in Sinner’s pocket: how much the Italian tennis player earns (with residence in Monte Carlo)
Jannik Sinner led the nation that brought the Davis Cup back to Italy after 47 years. How much does the tennis player who beat number one Djokovic twice earn between sponsors and trophies. Facts, numbers and insights
Italy led by Jannik Sinner won the Davis Cup. A trophy chased for 47 years , the last time to conquer it was the quartet composed of Panatta, Barazzuti and Zugarelli, with Pietrangeli as captain. A result that makes Jannik Sinner's star shine even more, as he beat world number one Novak Djokovic for the second time.
A success that proves right to those, from fans to sponsors, who believed in the South Tyrolean athlete and placed the hopes of Italian tennis in him.
HOW MUCH IS THE DAVIS CUP WORTH: HOW MUCH SINNER EARNED
“The salad bowl”, as the Davis Cup is pleasantly called due to its singular shape, has not only a sporting but also an economic value. The Italian players who beat Australia will receive a generous check, to be divided equally, of 1.6 million euros. The final prize money, however, also adds what the Italian team had already earned by beating the Netherlands, a prize to be divided of 860 thousand euros, and in the final against Serbia, 1.2 million dollars. The Davis Cup is not just an affair for the players but also for the federations. The Italian team earned 405 thousand euros for the match against Holland, 505 thousand euros for the semi-final against Serbia and 833 thousand euros for the victory in the final against Australia.
NIKE COVERS SINNER WITH GOLD: 150 MILLION EUROS IN 10 YEARS
The golden boy of Italian tennis does not earn money, but only thanks to sporting successes. In 2022 Sinner earned over 2 million dollars thanks to contracts with sponsors which constitute the heaviest item on the tennis player's budget. Last year Nike bet heavily on the boy from San Candido and "locked" the champion for the next 10 years with a contract worth over 150 million euros and 15 million per season.
SINNER, THE TAX RESIDENCE IN MONTECARLO AND THE DEFENSE OF PIETRANGELI
A huge estate on which the tennis player will pay taxes in Monte Carlo, where he has been residing for tax purposes for a couple of years now. “Did Jannik Sinner violate any laws by taking up residence in Monte Carlo? I don't think so. If I want to live in Canicattì or Finland, that's my business, as long as I respect the rules. And then if Italian taxes were fair in relation to the services that citizens receive in exchange no one would feel the need to go abroad. – commented Nicola Pietrangeli defending Jannik Sinner -. The truth is that Italy is a nation of envious people, I have lived in Monte Carlo for decades and I can assure you that taxes are paid here and they are high too. Then, however, no one comes to pay the bills in your pocket if you have a luxury car or a boat."
ALL THE BRANDS THAT HAVE BETWEEN SINNER
Nike is not the only brand to have bet on Jannik Sinner. To his credit there are sponsorship contracts with Lavazza, Rolex, Technogym, Parmigiano Reggiano, Alfa Romeo, Fastweb, Gucci, Intesa San Paolo, Panini and, finally, the technical sponsor Head. A complex of sponsorships that bring Sinner's seasonal income to just under 20 million euros .
SINNER'S PRIZE MONEY IS 12,336 MILLION EUROS
Sinner's earnings growth has followed the development of his career. Before 2019, the South Tyrolean tennis player could count on prize money, i.e. the reward paid by the organization to players in world tournaments, of around 20,000 dollars. Subsequently, thanks to the results obtained, the prize money grew. In 2020, after his journey at Roland Garros and his success in the ATP in Sofia, Sinner secured a total prize money of 733,860 dollars. Today the prize money is worth 12.336 million dollars , of which almost 5.7 million were earned in 2023 alone.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/i-conti-in-tasca-a-sinner-quanto-guadagna-il-tennista-italiano-con-residenza-a-montecarlo/ on Mon, 27 Nov 2023 14:20:43 +0000.