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British tennis will survive losses caused by Wimbledon cancellation, says CEO

by ace
British tennis will survive losses caused by Wimbledon cancellation, says CEO

It will take several months for Wimbledon to recover losses from the canceled championships – which were due to start on Monday – according to outgoing chief executive Richard Lewis, but there will be minimal impact on the game's finances in Britain.

The former Davis Cup player said the All England Club finance department is experiencing a complaint with more than 10 insurance companies. "I saw speculative figures and I don't recognize them," he said, referring to an estimated £ 114 million claim when the club canceled in April, for the first time since World War II.

"It is too early – even if there is no commercial secrecy – to give an estimate. It is analyzed line by line: all costs, expenses, part of the revenue, revenue, whether to be reimbursed, all this type of thing. It is a very time-consuming process. and laborious. We have a good relationship with the brokers. It's going well, but the end result will not be known for several months. "

Lewis, who delivers to Sally Bolton next month after eight years of guiding Wimbledon's ambitious expansion plans, said the £ 40 million annual leaflet for the Lawn Tennis Association was largely protected. "It will not be severely impacted. If you need to cancel, it is great to have insurance. We are still in a very good position, which is a bit strange to say when you have just canceled the championship.

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"But we are very financially stable. In terms of the impact on ourselves as an organization and a company, and LTA and therefore British tennis will be very well protected."

None of the other tournaments has taken the precaution of holding a global virus like Covid-19, but Lewis says it will not be possible to renew the policy next year. "This is impossible in the current climate. When I started in 2012, there were some signs that things were not insurable, because of communicable diseases that have occurred, such as SARS and swine flu. Soon after, you cannot get insurance, but, soon then the market returns. So there will be no insurance next year, but in the medium term, just because we made a claim, it won't affect us in the long run. "

Bolton, who has worked at the club since 2016 and in the rugby league for many years, is the first woman to be executive director in the club's long history – coincidentally assuming Stacey Allaster's participation in the U.S. Tennis Association and, closer to home, Clare Connor as president of MCC.

She said it was too early to say how the club would present next year's tournament if the virus was still having a global impact, adding, "It is our absolute wish that next year's championship looks like a championship that we would all recognize." This will mean crowds, if possible. When the club canceled in April, keeping the tournament behind closed doors was not an option, and that remains the case.

"We have the US Open and Roland Garros staged at the end of this year and we will take a close look at what they do, working with the constraints they are in and learning what we can."

Bolton did not speak to Allaster. “I think she is very focused on getting the US Open right now. I intend to achieve it, perhaps at the end of the year.

They will have a lot to talk about.

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