Wimbledon pays players despite cancellation due to the insurance policy

• This year, the coronavirus crisis forced the cancellation of the most esteemed professional tennis event.
• Wimbledon – the Grand Slam tournament that took place every summer in England – recovered $ 141 million in potential losses by taking out “pandemic insurance” before the mass release of COVID-19.
• Now, the tournament prize pool will be reassigned to the 620 eligible players through the main draw or a qualifying event.
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The coronavirus crisis has forced the sports world to stop abruptly, and even the most esteemed tennis event has suffered.

In April, Wimbledon was canceled for the first time since World War II. But thanks to a “pandemic” policy that the tournament organizers had signed up to before the mass release of COVID-19, players will be paid without going on the famous All England Lawn Tennis & Croquet Club grass courts.

The London-based club announced Friday that it will dedicate £ 10,066,000 – or $ 12,714,767 – of the $ 141 million in potential losses it has recovered through the rare insurance policy to pay each of the 620 players eligible for the quest event. ‘year.

According to the Wimbledon website, “players whose world rankings would have allowed them to enter The Championships 2020 by directly accepting the Main Draw or qualifying event” will earn a portion of the prize pool previously awarded to the tournament.

—Courtney Nguyen (@FortyDeuceTwits) July 10, 2020

Of the money, £ 12,500 (US $ 15,789) will go to each of the 224 players who would participate in the qualifying event. Participants in the Main Draw Singles will earn £ 25,000 (US $ 31,579), while those who play the Main Draw Double will each receive £ 6,250 (US $ 7,895).

The 16 players who participate in the wheelchair events would earn £ 6,000 (US $ 7,579), and those who would play in the Quad wheelchair will receive £ 5,000 (US $ 6,316). Tournament referees and officials will also receive compensation in some form.

Although most of tennis’s major events have been canceled, the circuit will restart again with the Citi Open in August. The US Open – which is still active for early September – will be the first Grand Slam of the year since the Australian Open in January.