Wimbledon will be able to recover a significant portion of the reported £250 million losses after seeking cover of a pandemic insurance taken in 2003
Richard Lewis, who is set to step down as Wimbledon chief executive in July, said he hoped the situation will stabilise in the coming months to allow the hardcourt season to get underway before the US Open begins on 24 August.
Coronavirus Outbreak: Wimbledon cancelled for the first time since World War II, announces All England Club
Wimbledon has been a regular fixture to the sport since 1877. It has only been cancelled from 1915 to 1918 because of World War I and again from 1940 to 1945 because of World War II.
All England Lawn Tennis Club (AELTC) officials earlier said the 29 June – 12 July event would not be played behind closed doors and postponement was not without significant risk and difficulty.
Wimbledon set for expansion after adjacent golf club agrees to sell course to AELTC for reported £63.75 million
The All England Lawn Tennis Club (AELTC) had made a reported £63.75 million offer to buy out early the lease of the adjacent Wimbledon Park Golf Club.