Sat, 06 Jun 2020

Report: Wimbledon to cash in $141M insurance claim

Field Level Media
10 Apr 2020, 11:40 GMT+10

The All England Club will recoup $141 million from an insurance policy after canceling the 2020 Wimbledon tournament due to the coronavirus pandemic, according to The Action Network's Darren Rovell.

"Wimbledon reportedly paid $2 million a year for pandemic insurance for the last 17 years," Rovell tweeted. "For this year's cancellation as a result of the Coronavirus, Wimbledon will reportedly receive $141 million from the policy."

"We have always sought to buy the optimum insurance coverage available," a Wimbledon spokesperson said, per Rovell.

The England's Daily Mail newspaper reported that Wimbledon insured itself from disruptions for reasons ranging from terrorist attacks to a national period of mourning following the death of the queen.

Wimbledon was expected to bring in more than 250 million pounds ($311 million U.S.), per the Daily Mail.

The Grand Slam grass-court tournament had been scheduled for June 29-July 12.

The French Open, previously slated to be played May 24-June 7 in Paris, was postponed to Sept. 20-Oct. 4.

The U.S. Open is still due to be played in New York from Aug. 31 to Sept. 13, the U.S. Tennis Association announced last week.

The ATP and WTA have suspended play on their tours until at least July 13.

--Field Level Media

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