Wimbledon to get HUGE $123.4 million insurance cover after tournament cancellation: Report

After finally cancelling oldest Grand Slam event due to coronavirus, Wimbledon is w preparing to submit an insurance claim which is‘in excess of $123.4 million (£100 million) according to multiple British media reports. All England Club's insurance policy was being updated back in 2003 after organisers asked for a virus-related clause to be inserted following concerns over SARS outbreak. Wimbledon cancelled news amidst  UK lockdown marked first time since Second World War that SW19 Grand Slam tournament will t be going ahead as per schedule.  

Also Read: Wimbledon Cancelled: Twitterati Makes Memes To Express Disappointment Over Decision

Wimbledon cancelled: Why was decision taken?

decision about Wimbledon cancelled was taken by All England Lawn Tennis Club (AELTC) amid UK lockdown due to coronavirus outbreak.  decision about Wimbledon cancelled decision was something which was taken for first time in tournaments century-and-a-half history. Wimbledon which was scheduled to be played from June 29 to July 12. will w be played from June 28 to July 11, 2021.

Also Read: Patrick McEnroe Recovering From COVID-19, Backs Wimbledon Cancellation

Wimbledon insurance money

According to report in  Times, tournament's organizers are ardent about getting  Wimbledon insurance money worth upto £100 million ($123.4 million) since clause covers infectious diseases. Wimbledon remains only Grand Slam in tennis to have an insurance policy that includes a virus-related clause. 

report also mentions that exact amount of pay out that Wimbledon will earn from ir policy remains unclear with organising costs and prize money of $4.9 million (£4 million) to be considered as deductions, w that event has been cancelled. Wimbledon was set to bring in around $306 million (£250 million) in revenue for grasscourt Grand Slam. 

Also Read:Isner: 2020 Wimbledon Would Be 'tough Pill To Swallow'

According to report, outgoing chief executive Richard Lewis on Thursday warned that, despite good insurance policy, Wimbledon would survive a financial hit. He said that insurance will help protect major dam to a large extent. He said that. 
Wimbledon is fortunate to have insurance, but it doesn't solve all problem with details and figure probably t kwn for months.

Also Read: Roger Federer Reacts As Wimbledon 2020 Gets Cancelled, Feels 'devastated'

Coronavirus tool during UK lockdown 

As per a report by  Guardian on Thursday,  UK’s Department of Health and Social Care claimed that coronavirus numbers during UK lockdown involve 2921 people dying in hospital after testing positive. report also mentions that 33,718 people in UK tested positive to disease.