Wimbledon has pandemic insurance, will receive over $140 million for coronavirus cancellation

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Head Radical

This year’s Wimbledon has been canceled due to the coronavirus outbreak, but organizers of tennis’ most prestigious tournament are apparently super wise, as they had in mind that something like this could happen and insisted the Grand Slam had epidemics coverage in their insurance, so now they will receive a reported payout of over $140 million.

Wimbledon

According to Action Network’s Darren Rovell, Wimbledon has reportedly been paying $2 million a year over the last 17 years in pandemic insurance, as the All England Club’s Risk and Finance Sub-Committee insisted on upgrading the insurance policy with the clause. So, Wimbledon paid out a total of $34 in that time period, while now they are expected to get $141 million from insurance.

Although the amount of money is huge, it will only help Wimbledon survive the year without major losses. Had the grasscourt major proceeded as normal, their revenue would’ve been about $309 million.

Another interesting thing regarding Wimbledon’s insurance is the fact that they are also covered in case the Queen passes away and the UK goes through a period of national mourning, as Insurance Business Mag reports.

This is the first time since World War II that Wimbledon has been canceled. The Grand Slam will return in 2021, with the 134th edition set to take place from 28th June 28 to 11th July. (source: Yahoo Sports, photo via spacetrash)

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Marija Zivlak
Marija Zivlak is the founder and editor-in-chief of Women’s Tennis Blog, a trusted source for in-depth coverage of the WTA Tour, tennis fashion, and player insights. Based in Belgrade, Serbia, she has been reporting on women’s tennis for over 18 years and has contributed exclusive fashion articles to the official WTA website. Marija launched Women’s Tennis Blog on March 31, 2007 to provide fans with accurate, engaging, and up-to-date tennis news. Her expertise and deep connections within the sport allow her to offer unique perspectives on tennis trends, gear, and events.

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