Thanks to an insurance policy, Wimbledon was able to avoid much in the way of financial distress from missing their 2020 edition. In fact, the tournament is in such good standing that they announced today that they will pay 620 players a portion of what they were scheduled to be awarded.
The $12.6M (USD) will be distributed to all players who would have earned main draw berths in singles, doubles and qualifying, based on ranking.
Per Person Prize Money Allocation (USD)
Main Draw Singles – $31.5K
Singles qualifiers – $12.6K
Main Draw Doubles – $7.9K
Richard Lewis CBE, AELTC Chief Executive, said: “Immediately following the cancellation of The Championships, we turned our attention to how we could assist those who help make Wimbledon happen. We know these months of uncertainty have been very worrying for these groups, including the players, many of whom have faced financial difficulty during this period and who would have quite rightly anticipated the opportunity to earn prize money at Wimbledon based on their world ranking. We are pleased that our insurance policy has allowed us to recognise the impact of the cancellation on the players and that we are now in a position to offer this payment as a reward for the hard work they have invested in building their ranking to a point where they would have gained direct entry into The Championships 2020.”
The US Open and French Opens, which do not have insurance, are scrambling to hold their events. As is the Australian which still is six months out.
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