The All England Lawn Tennis Club, the organizers of Wimbledon, looks set to recoup almost half of its losses from cancelling the event thanks to the $2 million pandemic insurance policy it has taken out every year for the last 17 years.
Wimbledon was set to run from June 29 to July 12 this year, but was cancelled for the first time since World War 2, because of the coronavirus pandemic.
According to Darren Rovell, a sports business reporter with Action Network, the organizers are set to receive a $141 million payout thanks to the insurance policy it has paid a total of $34 million for, since 2003.
Bravo fi genius!
Wimbledon was set to run from June 29 to July 12 this year, but was cancelled for the first time since World War 2, because of the coronavirus pandemic.
According to Darren Rovell, a sports business reporter with Action Network, the organizers are set to receive a $141 million payout thanks to the insurance policy it has paid a total of $34 million for, since 2003.
Bravo fi genius!
