Wimbledon Just Got Paid $141 Million On “Pandemic Insurance” They’ve Been Paying For The Last 17 Years

Wimbledon Just Got Paid $141 Million On “Pandemic Insurance” They’ve Been Paying For The Last 17 Years, by Tyler Durden.

For the last 17 years, Wimbledon has paid $2 million per year in “pandemic insurance” to prevent against exactly the type of scenario that prevented the tournament from happening this year.

We’re not sure what type of meetings and pitches needed to happen to convince the Board at Wimbledon to continue to shell out $2 million per year in insurance for a possible catastrophe that most people would have bet would have never happened in their lifetimes. …

Wimbledon paid into the insurance for 17 years, netting a total spend of $34 million. For 2020, that hedge returned $141 million…

Wimbledon is of course cancelled this year.