Debentures are the source from which The All England Lawn Tennis Ground plc, the company which owns the Club’s Grounds, derives its funds to meet capital expenditure.
Without the financial commitment of the Debenture Holders, few, if any, of the capital projects at Wimbledon, such as the Centre Court roof and new Courts 2 and 3 would have been possible.
Debenture tickets are the only tickets which are freely tradable as the Club believes it is fair to those who have invested such considerable sums in buying debentures.
Details of current prices are advertised by the ‘Ground’ Company in the Financial Times on the first Saturday of each calendar month.
There are two types of tickets available for The Championships:
Debenture (those allocated to each Centre Court Debenture Holder for every day of The Championships and each No.1 Court Debenture Holder for the first 10 days of The Championships)
Non-Debenture (those sold at face value by the Club through the public ballot, the LTA and its affiliated tennis Clubs, schools, on-day sales etc)
There has long been a legitimate, but unofficial market for the sale of Centre Court Debenture tickets to agencies and hospitality outlets.
In 1989, a ‘White Market’ was established at the Club which, by buying tickets from Debenture Holders and selling them to other Debenture Holders and to Marquee Holders, allows the tickets to remain in the hands of supporters of British tennis.
Centre Court Debentures
Every five years, Centre Court debentures are sold. Holders are guaranteed one seat per debenture per day of each Championships during the five-year period.
The current issue of 2,500 debentures covering 2011-2015 Championships were priced at £27,750 on issue, made up of a nominal value of £2,000, premium £22,000 and VAT £3,750. The issue raises £59.5 million.
No.1 Court Debentures
Every five years, No. 1 Court debentures are sold. Holders are guaranteed one seat per debenture for the first 10 days of each Championships during the five-year period. First introduced in 1996 prior to the opening of the new No. 1 Court in 1997. The current issue of 1000 debentures covering the 2012-2016 Championships were priced at £13,700, made up of a nominal value of £500, premium £11,000 and VAT £2,200.