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.
The company issues debentures for Centre Court and No.1 Court currently every five years to fund the continuing development of the facilities at the grounds for the benefit of all participants. 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.
Details of current prices are advertised by the Company in the Financial Times on the first Saturday of each calendar month.
For each debenture held debenture holders receive one seat in the Centre Court stand for every day of The Championships; or one seat in the No.1 Court stand for the first 10 days of The Championships.
Tickets allocated to debenture holders are the only Championships tickets that are freely transferable and can be sold on the open market.
There has long been a legitimate, but unofficial market for the sale of debenture tickets to agencies and hospitality outlets.
Tickets (including Debenture tickets) and hospitality packages which include such tickets should not be used as a prize in any marketing or competition without the written approval of AELTC. Quite apart from any breach of ticket conditions, AELTC take the view that such competitions seek to associate a brand or company with The Championships and this will not be permitted for companies or brands that are not official suppliers.
Centre Court Debentures
Every five years, Centre Court debentures are issued. Holders are guaranteed one seat per debenture held for each day of The Championships during the five-year period. The current issue of 2,500 debentures covering the 2011-2015 Championships were issued at £27,750, made up of £2,000 nominal value, £22,000 premium and £3,750 VAT on the premium.
No.1 Court Debentures
Every five years, No.1 Court debentures are issued. Holders are guaranteed one seat per debenture held for the first 10 days of The Championships during the five-year period. The current issue of 1,000 debentures covering the 2012-2016 Championships were issued at £13,700, made up of £500 nominal value, £11,000 premium and £2,000 VAT on the premium.
The next issue of Centre Court debentures covering The Championships from 2016 to 2020 will be marketed in May 2014.