Wimbledon chief admits ‘there won’t be insurance next year’ as coronavirus crisis persists
Wimbledon will not be able to protect themselves from another pandemic next summer, CEO Richard Lewis has revealed.
The Championships had the foresight to cover a possible pandemic in their insurance policy, minimising the financial consequences of cancelling this summer’s tournament, which was supposed to start today.
However, they will be unable to repeat the trick should the coronavirus crisis stretch into 2021.
“No that’s impossible [to get pandemic insurance] in the current climate,” Lewis said.
“What I would say about the future though is that when I first started in 2012, there were some signs that things were not insurable, because of communicable diseases that had taken place like SARS and swine flu.
“In the immediate aftermath you can’t get insurance but fairly soon after that, you can start to get insurance again, the market returns.
“So there won’t be insurance next year, but I think in the medium term, just because we’ve made one claim it won’t affect us in the long term.”
Wimbledon’s insurance policy meant they were able to cancel without huge consequence while the French Open and US Open scramble to get their tournaments on however they can.
They actual value of Wimbledon’s insurance payout is being kept carefully under wraps though.
“We genuinely don’t know the numbers,’ Lewis added.
“We haven’t even got to our financial year-end yet, that’s the end of July, and it will take two or three months to work through the rest of the insurance claim and also to work through the final numbers so we won’t know until the end of the year.
“But I’m optimistic that the surplus will be pretty well protected and therefore the impact – nobody wants to cancel, nobody wants to make an insurance claim – but the impact will be somewhat minimised.”
Follow us on Twitter @T365Official.
Get to know Britain’s new number one Cameron Norrie as he closes in on a rankings breakthrough
Norrie is guaranteed to overtake Dan Evans in the ATP rankings after reaching the semi-finals in Indian Wells.
Victoria Azarenka’s return to form sweeps her into the Indian Wells final
Paula Badosa will play Victoria Azarenka in…
Defeats for Zverev and Tsitsipas ensure shock final four at Indian Wells
Taylor Fritz saved two match points as he stunned world number four Alexander Zverev
Exclusive – Meet the brothers who grew up alongside Stefanos Tsitsipas and are now teaching the Mouratoglou way
Two of Stefanos Tsitsipas’ former adversaries in the junior ranks have given us the inside story on his rise.
Andy Murray set for huge rankings collapse after Indian Wells exit
Former world No.1 Andy Murray has been…
Moment of history for Ons Jabeur as she seals last four spot in Indian Wells
Ons Jabeur sealed her place in the BNP Paribas Open’s final four with a straight-sets victory over Estonia’s Anett Kontaveit.
Grigor Dimitrov gives his verdict as he secures another big win in Indian Wells
Dimitrov’s revival continues as he battled past Hubert Hurkacz in a deciding set tie-break.
Cameron Norrie reaches first ATP Masters semi-final as Indian Wells win sees him become new British No 1
Cameron Norrie saw off Diego Schwartzman in the last eight.
‘I look forward to returning to the Tour in the next couple of weeks,’ says Emma Raducanu after withdrawing from WTA event
Emma Raducanu won’t be heading to Russia next week.
Billie Jean King Cup
‘I have made the decision to not play the BJK Cup Finals,’ says Leylah Fernandez
Leylah Fernandez won’t represent Canada at the upcoming Billie Jean King Cup Finals.