Wimbledon debenture holders make a killing as tickets go through roof

 

Tennis Correspondent

Making money on your investments has been a challenge for everyone in recent years but some Wimbledon debenture holders have been laughing all the way to the bank. One of the current holders recently sold a 2011-2015 debenture – which cost £27,750 and gives the owner one Centre Court ticket for every day of the Championships for five years – for a remarkable £90,000.

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 per ticket.

The top price at this year’s tournament is £148 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 2016-2020 debentures to be announced on 24 April. The final deadline for applications for the debentures, which are used to finance capital projects at the All England Club, will be 6 June.

Existing No 1 Court debenture holders will be second on the priority list for the new debentures. If the issue is over-subscribed, a ballot will be held. In such circumstances, no one will be allowed to buy more than two.

Wimbledon will not reveal the price it is contemplating for the 2016-2020 debentures, but they could cost in the region of £60,000, which is partly a reflection of the remarkable value that the 2011-2015 issue proved to be. The price then was a reflection of the economic climate at the time, which was more uncertain even than today.

While all other ticket holders are not allowed to sell on their tickets (which are distributed via a heavily oversubscribed public ballot or through tennis clubs and LTA British Tennis membership), debenture holders can sell them wherever and whenever they want. They can sell them, individually or en bloc, either privately – for example to companies offering corporate hospitality – or via Wimbledon’s own “official market”.

Wimbledon is buying back tickets for this year’s Championships at prices which represent a huge profit for 2011-2015 debenture holders (who could probably make an even greater profit elsewhere). Wimbledon’s buy-back prices this year include £1,200 for a single ticket for the second Wednesday (men’s quarter-finals day, weather permitting), £2,400 for the final Sunday and £9,900 for one ticket for all 13 days. Wimbledon then sells on these buy-back tickets, often to other debenture holders.

Nevertheless, despite the investment opportunities few debenture holders sell on all their tickets. The majority are tennis fans who want to guarantee their seats at the Championships and like to take advantage of the exclusive restaurants and bars available to debenture holders.

Ever since the All England Club used debentures to raise £88,000 towards the £140,000 cost of building Centre Court in the 1920s, they have been a vital means of funding capital projects. A total of £250m has been raised through debenture issues since the first. In recent years debentures have helped to finance the construction of the Centre Court roof, the new No 2 and No 3 Courts and the museum.

“This is an exercise in investing in the future to keep our Championships at the pinnacle of the sport,” Phil Brook, the Wimbledon chairman, said yesterday.

Funds are now needed to support the All England Club’s new “Master Plan”, which includes a retractable roof over No 1 Court and many more changes to the grounds.

A huge building project is currently under way at the site to provide underground facilities beneath Courts No 14 and No 15 and underground access to the Millennium Building from the current car park in Somerset Road.

Voices
Lucerne’s Hotel Château Gütsch, one of the lots in our Homeless Veterans appeal charity auction
charity appeal
Arts and Entertainment
Tony Hughes (James Nesbitt) after his son Olly disappeared on a family holiday in France
tv
News
people

Jo from Northern Ireland was less than impressed by Russell Brand's attempt to stage a publicity stunt

Sport
Scunthorpe goalkeeper Sam Slocombe (left) is congratulated by winning penalty taker Miguel Llera (right)
football
PROMOTED VIDEO
Arts and Entertainment
The Apprentice candidates Roisin Hogan, Solomon Akhtar, Mark Wright, Bianca Miller, Daniel Lassman
tvReview: But which contestants got the boot?
Life and Style
A woman walks by a pandal art installation entitled 'Mars Mission' with the figure of an astronaut during the Durga Puja festival in Calcutta, India
techHow we’ll investigate the existence of, and maybe move in with, our alien neighbours
Arts and Entertainment
Jim Carrey and Jeff Daniels ride again in Dumb and Dumber To
filmReview: Dumb And Dumber To was a really stupid idea
Arts and Entertainment
Sir Ian McKellen tempts the Cookie Monster
tvSir Ian McKellen joins the Cookie Monster for a lesson on temptation
News
i100
Travel
Tourists bask in the sun beneath the skyscrapers of Dubai
travelBritish embassy uses social media campaign to issue travel advice for festive holiday-makers in UAE
Arts and Entertainment
Jennifer Saunders stars as Miss Windsor, Dennis's hysterical French teacher
filmJennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress
Life and Style
tech
Sport
Nabil Bentaleb (centre) celebrates putting Tottenham ahead
footballTottenham 4 Newcastle 0: Spurs fans dreaming of Wembley final after dominant win
Voices
Jimmy Mubenga died after being restrained on an aircraft by G4S escorts
voicesJonathan Cox: Tragedy of Jimmy Mubenga highlights lack of dignity shown to migrants
Life and Style
Sebastian Siemiatkowski is the 33-year-old co-founder and CEO of Klarna, which provides a simple way for people to buy things online
tech
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas
La Famille Bélier is being touted as this year's Amelie - so why are many in the deaf community outraged by it?

Deaf community outraged by La Famille Bélier

The new film tells the story of a deaf-mute farming family and is being touted as this year's Amelie
10 best high-end laptops

10 best high-end laptops

From lightweight and zippy devices to gaming beasts, we test the latest in top-spec portable computers
Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

The batsman has grown disillusioned after England’s Ashes debacle and allegations linking him to the Pietersen affair
Susie Wolff: A driving force in battle for equality behind the wheel

Susie Wolff: A driving force in battle for equality behind the wheel

The Williams driver has had plenty of doubters, but hopes she will be judged by her ability in the cockpit
Adam Gemili interview: 'No abs Adam' plans to muscle in on Usain Bolt's turf

'No abs Adam' plans to muscle in on Usain Bolt's turf

After a year touched by tragedy, Adam Gemili wants to become the sixth Briton to run a sub-10sec 100m
Calls for a military mental health 'quality mark'

Homeless Veterans campaign

Expert calls for military mental health 'quality mark'
Racton Man: Analysis shows famous skeleton was a 6ft Bronze Age superman

Meet Racton Man

Analysis shows famous skeleton was a 6ft Bronze Age superman
Garden Bridge: St Paul’s adds to £175m project’s troubled waters

Garden Bridge

St Paul’s adds to £175m project’s troubled waters
Stuff your own Christmas mouse ornament: An evening class in taxidermy with a festive feel

Stuff your own Christmas mouse ornament

An evening class in taxidermy with a festive feel
Joint Enterprise: The legal doctrine which critics say has caused hundreds of miscarriages of justice

Joint Enterprise

The legal doctrine which critics say has caused hundreds of miscarriages of justice
Freud and Eros: Love, Lust and Longing at the Freud Museum: Objects of Desire

Freud and Eros

Love, Lust and Longing at the Freud Museum