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Coronavirus: Wimbledon to get $141 million 'pandemic insurance' payout after paying premium for 17 years
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Coronavirus: Wimbledon to get $141 million 'pandemic insurance' payout after paying premium for 17 years
Apr 9, 2020 9:00 AM

The Wimbledon organisers are all set to pocket $141 million in pandemic insurance payout after this year’s edition was cancelled owing to the coronavirus pandemic that has ravaged most parts of the globe, reported Action Network.

The All England Lawn Tennis Association, which organises Wimbledon, was staring at a revenue loss of around 250 million pounds due to this year’s cancellation, but the $2 million pandemic insurance they have been paying for the past 17 years will help them recoup some of those losses.

Wimbledon, regarded as the most prestigious tennis tournament in the world, was due to be held from June 29 to July 12 this year but the organisers’ hands were forced as the pandemic continues to overwhelm authorities around the world.

Coronavirus has ravaged the global sports calendar this year with most sports events either cancelled or postponed. French Open, which precedes Wimbledon in the tennis calendar, has been postponed to September-October.

Globally, coronavirus has infected more than 1.5 million people so far, while nearly 90,000 people have succumbed to the deadly virus. The United Kingdom is one of the worst-affected countries in Europe. The death toll in the UK has climbed over 7,000.

Incidentally, the UK Prime Minister Boris Johnson is in ICU battling coronavirus.

First Published:Apr 9, 2020 6:00 PM IST

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