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 373 times

Soccer

Saudi minister: Salah suits us but we had no talks

Saudi minister: Salah suits us but we had no talks

EmailPrintOpen Extended ReactionsMohamed Salah may have signed a new contract at Liverpool, but he s...

Saudi minister: WC worker's death investigated

Saudi minister: WC worker's death investigated

EmailPrintOpen Extended ReactionsSaudi Arabia's minister of sport, Prince Abdulaziz bin Turki Al-Fai...

Bundesliga history made with 8 goals in 1st half

Bundesliga history made with 8 goals in 1st half

EmailPrintOpen Extended ReactionsUnion Berlin and VfB Stuttgart made history on Saturday as the firs...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Redick: Wolves' 'physicality' caught us off guard

Redick: Wolves' 'physicality' caught us off guard

EmailPrintOpen Extended ReactionsLOS ANGELES -- After pushing themselves in the play-in tournament t...

Knicks go on 21-0 run as miscues tank Pistons

Knicks go on 21-0 run as miscues tank Pistons

EmailPrintOpen Extended ReactionsNEW YORK -- The young, upstart Detroit Pistons, who had more than t...

Baseball

Yanks' Williams blows 4-run lead; ERA up to 9.00

Yanks' Williams blows 4-run lead; ERA up to 9.00

EmailPrintOpen Extended ReactionsTAMPA, Fla. -- Three-and-a-half weeks into his New York Yankees car...

Berrios confronts Raleigh, suspects pitch tipping

Berrios confronts Raleigh, suspects pitch tipping

EmailPrintOpen Extended ReactionsTORONTO -- Right-hander Jose Berrios suspected Seattle Mariners cat...

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