Wimbledon, scheduled between June 29 and July 12, has been canceled due to COVID-19. The tournament is among the few major sports competitions that have insurance against a pandemic. This will help in reimbursing the money on the tickets already bought and compensating for the losses.
The announcement was made by the Wimbledon organizers on the Twitter account. “It was with great regret that Wimbledon 2020 was canceled due to concerns about the coronavirus pandemic. The edition with the number 134 will be held between June 28 and July 11, 2021 ”.
▪️Simona Halep and Novak Djokovic are en-titled champions at Wimbledon;
▪️Halep defeated Serena Williams in a short final, while Djokovic passed Federer in one last sensational act at Wimbledon.
Wimbledon has pandemic insurance. Roland Garros no
Canceling the third Grand Slam tournament on each year’s schedule also involves a hard financial blow.
Data released for the 2018 edition shows that Wimbledon’s turnover was 254.8 million pounds, the Daily Mail said. By comparison, Roland Garros admitted that, in the event of a cancellation of the tournament in 2020, he faces losses of about 230 million pounds (260 million euros).
The French insisted, discussed and decided without consulting ITF or the organizers of the other major competitions to reschedule the tournament in the fall, starting September 20th. The chosen calendar dates, just one week after the potential conclusion of the US Open and the overlap with the Laver Cup, have aroused virulent reactions in the world of tennis. For the French Open executives, the decision was also conditioned by the money aspect.
Something that Wimbledon has covered by comprehensive insurance, which even includes situations similar to the one in which the entire world is now!
The All England Club’s Subcommittee on Risk and Finance insisted on an epidemic clause, and the insurance policy has been updated for some years now. Chief Financial Officer Richard Atkinson and former head of the press and operations, Michael Gradon, were the central characters in this change, which includes various reasons why the tournament could be canceled. Outside the pandemic, there are terrorist incidents or a national mourning situation.
A senior official of the exclusive London club has revealed that the annual policy is “seven-figure, but among the smallest.” Which could prove a very good investment in the current circumstances caused by the COVID-19 pandemic. But many other tournaments, both from the WTA and ATP, have rejected the full cancellation clause, with annual fees rising between $ 200,000 and $ 700,000, depending on the contest revenue, the New York Times notes.
Amelie Mauresmo: Without a vaccine there is no tennis!
Double Grand Slam champion Amelie Mauresmo urges the complete cancellation of the 2020 tennis season. The 40-year-old Frenchwoman, current coach of Lucas Pouille, wrote on her Twitter account a message reminding that an international circuit means “players and players of all nationalities plus officials, spectators and people coming from the four corners of the world “. “If there is no vaccine, let it not be tennis!”, Concludes the former WTA leader.