Premiership Rugby, Land Rover Renew Stadium Goods Tapping Into China West Indies, India Lead Push Into U.S. EU Rules Against Real Madrid Jim White To Replace Colin Murray McIlroy Not Rushing Equipment Decision Everbright Confirms Liverpool Proposal Wang Jianlin Fires Warning Hull City Sale In 'Hands' Of EPL British Cyclists Want Sutton Back
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/February 17, 2014/Finance
Wimbledon Debenture Holders Make Huge Profit As Tickets Go Through Roof
Published February 17, 2014
Wimbledon debenture holders "have been laughing all the way to the bank," according to Paul Newman of the London INDEPENDENT. One of the current holders recently sold a '11-15 debenture -- which cost £27,750 ($46,500) and gives the owner one Centre Court ticket for every day of the Championships for five years -- for "a remarkable" £90,000 ($150,700). With "only two years left on the current debentures," that means the purchaser paid £90,000 for 26 Centre Court tickets (one ticket for every day at this year’s and next year’s Championships) at an average cost of £3,462 ($5,800) per ticket. The "top price at this year’s tournament" is £148 ($250) for a ticket on men’s final day. The main reason why such high prices are paid is that if you own a current Centre Court debenture "you go to the top of the priority list for the next issue." That "will happen this spring," with the price for '16-20 debentures to be announced on April 24. Existing No. 1 Court debenture holders "will be second on the priority list for the new debentures." Wimbledon "will not reveal the price it is contemplating" for the '16-20 debentures, but they could cost in the region of £60,000 ($100,500) (INDEPENDENT, 2/14).