Interesting Fact - Wimbledon Fact - Money
Tickets for the Men's Final at Wimbledon were changing hands for £71,000 a pair, over 165 times the face value! (I was surprised to hear this, as I had been told you weren't allowed to resell tickets, but seemingly greedy ticket touting is still a problem at Wimbledon, as debenture holders are allowed to resell their seats, only 'ordinary' ticket holders are forbidden from doing so. In finance a debenture is an unsecured loan certificate issued by a company, backed by general credit rather than by specified assets, but a large number of sporting organisations issue debentures to raise money. Wimbledon Debentures are issued by The All England Club every five years to raise funds for capital expenditure. A similar program of debentures is also in place for No. 1 Court. The Centre Court debentures cover periods of five years. Each Debenture Holder automatically receives one Centre Court ticket for every day of The Lawn Tennis Championships during the relevant p...