New Funds Raised To Improve Grounds Of Wimbledon
New Funds Raised To Improve Grounds Of Wimbledon
The All England Lawn Tennis Ground plc (“AELTG”), owner of the grounds at which the Wimbledon Lawn Tennis Championships are staged, has confirmed that the issue of up to 1,000 No.1 Court debentures, priced at £13,700 each, for the five years from 2012 to 2016 inclusive has been significantly oversubscribed. The issue will raise £11.2 million net of VAT and expenses.
The proceeds of debenture issues have helped finance a large number of improvements to facilities across the Grounds in recent years. These include the retractable roof over Centre Court, new facilities for both Centre Court and No.1 Court debenture holders, as well as the new No.2 Court and the recently completed 2,000-seat No.3 Court, which will be open for play at this year’s 125th Championships.
No.1 Court debenture applicants will be notified shortly by mail as to whether they have been successful.
John Curry, Chairman of AELTG, said: “Part of Wimbledon’s enduring appeal lies in its unique blend of tradition and innovation. A sense of tradition which celebrates the collective heritage drawn from the experience of 125 Championships and a spirit of innovation, which has delivered world-class facilities providing fitting amphitheatres for players and fans to enjoy Wimbledon at its finest.”
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