It seems like some people might have dismissed it as the insurance equivalent of buying ‘magic beans’, but the organisers of Wimbledon seem to have some amazing foresight.
The Championships have been paying AU$3.2 million a year for pandemic insurance over the past 17 years.
That’s a total of about AU$54 million, and if you were asked last year, you may have laughed at what could have seemed like a big waste of money.
But, according to sports journo Darren Rovell, Wimbledon will reportedly receive about AU$236 million for the tournament’s cancellation.
Wimbledon reportedly paid $2 million a year for pandemic insurance for the last 17 years
(Total: $34 Million)
For this year's cancellation as a result of the Coronavirus, Wimbledon will reportedly receive $141 million from the policy.
— Darren Rovell (@darrenrovell) April 8, 2020
And you just know that there’s some smug guy in accounts reminding his colleagues on every Zoom meeting about how much people laughed at his insistence on buying pandemic insurance.
Well played, accounts guy, well played.