Wimbledon sells out £116K debentures

Featured Image: Shep McAllister on Unsplash

Wimbledon has sold out its new £116,000 Centre Court debentures which will fund redevelopment at the home of the tennis Grand Slam.

In March, The All England Lawn Tennis Ground (AELTG), owner of the tennis courts, grounds and buildings at which Wimbledon is held, announced the issue of up to 2,520 Centre Court debentures for the five years from 2026 to 2030 inclusive.

The debentures are priced at £116,000 (€135,000/$145,000) each, which is up 45% on the previous price.

The application period has now closed and AELTG has announced that the issue has been significantly oversubscribed. The organisation said all 2,520 debentures will be allotted and issued, and AELTG will notify all applicants as to whether their applications have been successful.

The debenture issue will raise approximately £238.2m, which will be used to help finance AELTG’s capital expenditure in the continuing development, improvement and refurbishment works of the facilities at the grounds and the wider Wimbledon estate and to repay borrowings.

The debenture includes a seat on the same tier as the Royal Box as well as car parking and access to a debenture-holders’ restaurant. While regular tickets cannot be re-sold, Wimbledon permits the debenture seats to be listed on secondary ticketing sites, and can also be traded as corporate bonds.

The 45% increase is not quite as high as the jump between the 2011-2015 debenture price of £27,750 and 2016-2020’s £50,000, which represented an 80% hike. This then further increased 60% from £50,000 to £80,000 for 2021-2025.

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