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Coronavirus clause hands Wimbledon a break as canceled championships' reported $141 MILLION pandemic insurance policy pays off

1 month ago   |   By RT

An insurance measure against pandemics, launched by Wimbledon following the SARS outbreak 17 years ago, will reportedly pay out around $141 million in compensation following the cancellation of this year's tournament in London.
Planners at the All England Club are believed to have paid around $2.4 million each year to protect the Grand Slam from the financial risks of a pandemic, sparked by the threat posed to major sporting events by the SARS outbreak that was eventually contained in July 2003.
Organizers expect to lose more than $300 million in revenue after calling off this year's...
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Report: Wimbledon's Organizers Set For A $141 Million Payout After Taking Out Pandemic Insurance

Report: Wimbledon's Organizers Set For A $141 Million Payout After Taking Out Pandemic Insurance

1 month ago   |   By Forbes

The world's most prestigious tennis tournament was cancelled on April 1, but the All England Lawn Tennis Association could reportedly recoup almost half of its losses thanks to the pandemic insurance it took out.
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