Business leaders have warned that the cancellation of Wimbledon will cost the surrounding business close to 100 million.
Wimbledon is not only one of the most famous tournaments in the world is probably one of the most visited in the world. When they announced
the cancellation of the event many were left devastated. The biggest damage was done to businesses that depended on it.
In a recent statement Adrian Mills, the chairman of the Wimbledon Village Business Association said that the small companies based around the Tennis Club will face a 100 million pound economic hit in 2020. He described it as a stark prediction but one that is not far from reality.
He said the association had lost a “substantial” five-figure sum from advertising flags placed along the main village road, money that usually went to supporting local firms. Speaking to the local pubs he found that that owners of such places are expecting to earn close to 4 million less than usual. Mr. Mills said:
“There is a sense of bereavement in the village. It is strange for businesses that are usually flat out at this time of year. Being this quiet will have a huge knock-on impact. It will be in September when landlords need their rent for the third quarter. That is when most will feel it.”