British Tennis’ Finances Not Impacted By Wimbledon Championships’ Cancelation
Follow Us
The fatal pandemic blanketing the entire world has weakened the global economies. However, amid the crises, the cancelation of Wimbledon Championships will not have a severe impact on British tennis as All England Club’s pandemic insurance policy has averted the losses.
The insurance policy has prevented the loss of a quarter of a billion pounds (approximately). “We’re still in a very good position – which is a slightly strange thing to say when you’ve just canceled the championships – but we’re financially very stable,” Chief Executive of The AELTC Richard Lewis said. (according to BBC)
“I’m optimistic that the surplus [the annual payment to governing body the LTA] will be pretty well protected, and therefore the impact will be somewhat minimized.”
ADVERTISEMENT
Article continues below this ad
Wimbledon Championships’ insurance policy
Wimbledon avails an annual insurance policy. They have paid £1.5 million over the past 17 years and the pay over in 2020 was over £100 million. However, pandemic insurance won’t be available for the year 2021. Also, there are possibilities the grass-court major might be held behind closed doors.
ADVERTISEMENT
Article continues below this ad
Trending
‘RIP’ – Heartbroken Brother of John McEnroe Mourns ESPN Legend’s Tragic Death Who Last Tweeted About Coco Gauff
April 21, 2024 02:43 PM EDT
Serena Williams’ Husband Alexis Ohanian Gushes Over Her ‘Little Pink’ Attire as Part of Nike’s Latest Endeavor
April 23, 2024 05:55 PM EDT
Carlos Alcaraz Injury: Mutua Madrid Open Plans Delayed Further as the Spaniard’s Title Defense Gets Trickier
April 20, 2024 09:00 PM EDT
Madrid Open: Aryna Sabalenka’s Fashion ‘Upgrade’ Stumps Tennis World As They React to Her Outing With Rumored Boyfriend
April 23, 2024 06:48 AM EDT
Serena Williams Uncovers ‘Disguised’ Look While Picking Daughter Olympia From School in an Immaculate Use of Her Makeup Brand WYN Beauty
April 23, 2024 05:02 AM EDT
Get instantly notified of the hottest Tennis stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
“No that’s impossible [to get pandemic insurance] in the current climate,” Lewis said. “What I would say about the future though is that when I first started in 2012, there were some signs that things were not insurable, because of communicable diseases that had taken place like SARS and swine flu.”
In 2020, the oldest tennis tournament Wimbledon Championships was canceled for the first time since World War II. It was solely due to the coronavirus pandemic. It has devastated the planet with more than half a million people losing their lives.
ADVERTISEMENT
Article continues below this ad