Joao Fonseca set to receive major financial boost after heroics at Australian Open

Young Brazilian sensation Joao Fonseca received a major financial boost after his heroics in the Australian Open. The 18-year-old is already regarded as the one for the future and has already showcased his talent at the highest level in the first Grand Slam of the year in 2025.

Fonseca caused one of the biggest upset in the competition as he defeated world number nine Russia’s Andrey Rublev in straight sets with a score of 7-6, 6-3, 7-6. It was his fourth win in the competition as he came through to the main round after winning three matches in the qualifying round, that too without losing a single set.

His journey, however, ended in the second round as he lost to Italy’s Lorenzo Sonego in a five-set thriller with a score of 6-7, 6-3, 6-1, 3-6, 6-3. Those performances ensured that Fonseca took home about £102,000. As per the latest report, the young tennis sensation is now set to receive a major boost financially.

As per English media outlet Daily Express report, Fonseca is set to receive £40,000 in the form of a grant from the Grand Slam Player Development Programme. The program is backed by the International Tennis Federation (ITF) and all four Grand Slams. He is one of the two players to receive the funds. The other player is Xinran Sun from China.

Fonseca came into the Australian Open with a big reputation, largely because of winning the NextGen Finals in Saudi Arabia in 2024. He defeated America’s Learner Tien in the final with a score of 2-4, 4-3, 4-0, 4-2. Fonseca’s other big achievement is finishing as the runner-up in the Australian Open boys doubles category in 2023. In that contest, he and his partner Alexander Blockx lost to the pair of Tien and Cooper Williams in straight sets with a score of 6-4, 6-4.