Wimbledon's pandemic insurance coverage results in $141M payout

Venus Williams serves the ball to her sister, Serena Williams, during their finals match at the Wimbledon tennis championships in southwest London, U.K., on Saturday, July 5, 2008. (Photo: Alan Crowhurst/Bloomberg)

After 17 years of paying around $2 million in premium each year for pandemic insurance coverage, Wimbledon is recouping what it spent — and then some.

Last week, the All England Club (AELTC) and the Committee of Management of The Championships announced the cancellation of The Championships 2020, more commonly known as Wimbledon, for the first time since World War II. Just days after the announcement, SB Nation and Action Network reported that the renowned tennis tournament will collect 114 million pounds, approximately $141 million, from its insurance policy containing an infectious disease clause. The Wimbledon tournament was set to take place June 29-July 12, 2020; it will commence in June 2021.