Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Wimbledon: British tennis 'financially stable' despite cancellation - Richard Lewis

Written by 
Published in Tennis
Sunday, 28 June 2020 14:40

The finances of British tennis "won’t be severely impacted" by the cancellation of Wimbledon, says chief executive Richard Lewis.

The All England Club's pandemic insurance policy has shielded it from losses of up to a quarter of a billion pounds - but the cover will not be available next year.

“We’re still in a very good position - which is a slightly strange thing to say when you’ve just cancelled the championships - but we’re financially very stable,” said Lewis.

"I’m optimistic that the surplus [the annual payment to governing body the LTA] will be pretty well protected, and therefore the impact will be somewhat minimised."

The payment, which effectively funds British tennis' governing body for the year ahead, was more than £45m in 2019, but is certain to fall next year.

Wimbledon, which was due to run from 29 June to 12 July, was cancelled for the first time since World War Two amid the coronavirus crisis.

The claim will not be finalised for several months, and although insurance of this kind will not be available in the immediate future, Lewis thinks that could change in time.

“When I first started in 2012 there were some signs that things were not insurable because of communicable diseases like Sars and swine flu," he said.

"In the immediate aftermath you can’t get insurance, but fairly soon after that you can start to get insurance again. The market returns."

Lewis, who will make way for Sally Bolton at the end of July, says thoughts have already turned to how the Wimbledon 2021 might look - if necessary behind closed doors.

"I don’t think the insurance aspect will be relevant," he added.

"It genuinely wasn’t relevant this year. If we could have staged the championships in some shape or form, then we would have done."

Read 333 times

Soccer

NL quarterfinal draw: Spain to face Netherlands

NL quarterfinal draw: Spain to face Netherlands

EmailPrintOpen Extended ReactionsThe draw for the UEFA Nations League quarterfinals was made on Frid...

Premier League injury and suspension news, predicted lineups, fantasy updates

Premier League injury and suspension news, predicted lineups, fantasy updates

EmailPrintOpen Extended ReactionsFind out who is missing through injury, who's in a race against tim...

Premier League changes APT rules after City case

Premier League changes APT rules after City case

EmailPrintOpen Extended ReactionsThe Premier League has announced changes to its Associated Party Tr...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Pistons' Cunningham exits vs. Hornets after fall

Pistons' Cunningham exits vs. Hornets after fall

EmailPrintOpen Extended ReactionsCHARLOTTE, N.C. -- Detroit guard Cade Cunningham left Thursday nigh...

George has bone bruise, to miss at least 2 games

George has bone bruise, to miss at least 2 games

EmailPrintOpen Extended ReactionsPhiladelphia 76ers star Paul George has a bone bruise in his left k...

Baseball

Ohtani 'slowly ramping up' in post-surgery rehab

Ohtani 'slowly ramping up' in post-surgery rehab

EmailPrintOpen Extended ReactionsLOS ANGELES -- Shohei Ohtani is in the early stages of rehabbing fr...

City OKs, then reverses $23M to fix Rays' stadium

City OKs, then reverses $23M to fix Rays' stadium

EmailPrintOpen Extended ReactionsST. PETERSBURG, Fla. -- The St. Petersburg City Council reversed co...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated