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Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 2:41 pm
by meganfernandez
skatingfan wrote: ↑Wed Jul 05, 2023 4:23 am
meganfernandez wrote: ↑Wed Jul 05, 2023 3:21 am
who owns Wimbledon - or rather, the AELTC, the entity that owns Wimbledon? Is it privately owned? Is it a nonprofit run by a board of directors?
The AELTC is a wholly owned subsidiary of The All England Lawn Tennis & Croquet Club Limited ("the Club") and, on 1 August 2011, acquired all the assets and undertaking of the Club in relation to The Championships.
The Board: I.L Hewitt (Chair), Ms D A Jevans C.B.E (Vice-Chair), Ms S.J Ambrose, R.A Baker, Ms A Keothavong M.B.E, The Lord O'Donnell GCB KCB CB, K.J Havelock. T.H Henman O.B.E, S.A Jones L.V.O, R.T Stoakes, A.J.K Tatum, The Hon H B Weatherill.
Directors: S. Bolton O.B.E (Chief Executive), R.G Atkinson (Financial Director), M.J Dite (Operations Director), M.W.C Guntrip (Club Director), W.R Jinks (IT Director), U. Al-Qassab (Marketing and Commercial Director)
Thanks. I read that. My questions is who owns the AELTC? Is it privately owned by an individual or investors, or is it a nonprofit run by a board?
And does anyone know who owns the Club, which is the parent to the AELTC? Wouldn't that person exert a lot of control over the AELTC and the tournament?
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 2:53 pm
by ashkor87
It is a private club owned by its members, has royal patronage for support. It is said the easiest way to become a member is to win the tournament!
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 2:54 pm
by skatingfan
meganfernandez wrote: ↑Wed Jul 05, 2023 2:41 pm
Thanks. I read that. My questions is who owns the AELTC? Is it privately owned by an individual or investors, or is it a nonprofit run by a board?
And does anyone know who owns the Club, which is the parent to the AELTC? Wouldn't that person exert a lot of control over the AELTC and the tournament?
Wimbledon is a club, and is legally a private company limited by guarantee. The members control the operations of the club through a board of directors.
A company limited by guarantee does not usually have a share capital or shareholders, but instead has members who act as guarantors of the company's liabilities: each member undertakes to contribute an amount specified in the articles (typically very small) in the event of insolvency or of the winding up of the company
https://en.wikipedia.org/wiki/Private_c ... _guarantee
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 3:00 pm
by meganfernandez
ashkor87 wrote: ↑Wed Jul 05, 2023 2:53 pm
It is a private club owned by its members, has royal patronage for support. It is said the easiest way to become a member is to win the tournament!
Does support include financial? Does Wimbledon receive government funding? Just curious.
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 3:02 pm
by ashkor87
Well, the UK taxpayer funds the Crown so.
.
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 3:05 pm
by skatingfan
meganfernandez wrote: ↑Wed Jul 05, 2023 3:00 pm
Does support include financial? Does Wimbledon receive government funding? Just curious.
I would think that the tournament must receive some government funding. Just the security costs alone for this sort of event in suburban London must be enormous, and add to that preservation of heritage, and one of the largest annual sporting events in England it probably receives various grants.
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 3:32 pm
by mmmm8
Looks like the AELTC files a financial statements with the government - that should advise of where the funding comes from:
https://find-and-update.company-informa ... ng-history
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 3:39 pm
by meganfernandez
Was hoping someone would do all the work for me... like someone who studied economics or finance in London.
This came up during a conversation about how much money - if any - Wimbledon leaves on the table by not having many sponsors on Centre Court or corporate suites. We wondered if their TV deal is much better than other Slams' and offsets some of the revenue they pass up. And then wondered who owns Wimbledon anyway.
There are more sponsors on Centre Court than I thought. Not just Rolex, but Oppo, Slazenger, I think IBM and maybe one more.
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 3:56 pm
by ponchi101
They have slowly accepted more sponsors. In the 1980's they had no signs on CC, but started accepting some.
People forget that Wimbledon is "all about traditions". Sure, and one of the traditions they like best is to make money. If tomorrow somebody were to prove to them that the "all white" rule is costing them money, you could bet your last shilling that they would drop it very fast, albeit coming up with some BS "tradition" excuse.
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 6:13 pm
by ti-amie
Sakkari used to go deep in tournaments before she'd implode. Now she's losing in the first round. Is it
time for her and her team?
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 6:35 pm
by Suliso
Sakkari #14 in the race.
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 6:44 pm
by meganfernandez
Suliso wrote: ↑Wed Jul 05, 2023 6:35 pm
Sakkari #14 in the race.
Semis of two 1000s will do that. IW and Madrid.
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 8:40 pm
by ponchi101
The loss at RG can be accepted in retrospect. She lost to the eventual finalist who also knocked out the #2 seed and gave Iga a very tough match.
This one will be harder (let's see how far can Kostyuk go).
Re: Tennis Random, Random (On Court)
Posted: Wed Jul 05, 2023 8:58 pm
by meganfernandez
ponchi101 wrote: ↑Wed Jul 05, 2023 8:40 pm
The loss at RG can be accepted in retrospect. She lost to the eventual finalist who also knocked out the #2 seed and gave Iga a very tough match.
This one will be harder (let's see how far can Kostyuk go).
Yeah, that one is understandable. Bad draw. She has had some solid results late last year and this year, but she isn't consistent.
Re: Tennis Random, Random (On Court)
Posted: Thu Jul 06, 2023 12:24 am
by shmrck14