The All England Lawn Tennis Ground plc, jointly and equally owned by The All England Lawn Tennis Club and The Lawn Tennis Association, issues Centre Court Wimbledon Debentures every five years to raise funds for capital expenditure. A similar program of debentures is also in place for No. 1 Court.
CENTRE COURT DEBENTURES
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 period. Debenture Holders also receive a pass to the Centre Court Debenture Holders' Facilities Building and have the right to enter a ballot for a car parking space (available for an additional fee).
2006-2010 Series
2,300 debentures were issued for £23,150, made up of £2,000 nominal value (returnable on 1 August 2010), £18,000 premium and VAT of £3,150. Of the total £23,150, £5,525 was paid on application (17 June 2004), £8,225 (31 May 2005) and £9,400 (31 January 2006). This series is fully subscribed, but there is a market made in the debentures by market makers Evolution Securities Limited and no doubt your stockbroker or bank manager will be able to advise you in this respect.
2011-2015 Series (partly paid)
2,500 debentures were issued for £27,750, made up of £2,000 nominal value (returnable on 1 August 2015), £22,000 premium and VAT of £3,750. Of the total £27,750, £6,600 was paid on application (8 May 2009). The second instalment of £10,575 is due on 31 May 2010 and the third instalment of £10,575 is due on 31 January 2011. This series is fully subscribed, but there is a market made in the debentures by market makers Evolution Securities Limited and no doubt your stockbroker or bank manager will be able to advise you in this respect.
NO.1 COURT DEBENTURES
2007-2011 Series
On 31 March 2006, the Company announced a third series of Debentures for the No.1 Court. 850 Debentures have been issued covering the 2007-2011 Championships, at a cost per debenture of £12,250 - comprising a nominal value of £500 (repayable on 1 August 2011); a premium of £10,000 and VAT of £1,750. Of the total £12,250, £4,025 was payable on application (2 June 2006) and £8,225 (31 January 2007).
Benefits afforded to Debenture Holders include an entitlement to one seat per debenture on the No.1 Court for the first ten days of The Championships, the use of the No.1 Court Debenture Holders' Lounge located within the No.1 Court complex and the right to enter a ballot for a car parking space on payment of a small additional fee.
