Date:12/12/2008 URL: http://www.thehindu.com/2008/12/12/stories/2008121261041900.htm

Sport - Tennis

Wimbledon agreement passed

WIMBLEDON: An agreement that will allow Wimbledon organisers to buy back complete control of the All England Club passed a vote on Wednesday with the Lawn Tennis Association (LTA).

The agreement, in which the LTA will supposedly get $83 million in instalments over a five-year period, will take effect in 2013 and last until 2053.

Besides buying back the 50 per cent of the club it gave away in 1934, the organisers of the grass-court tournament will also be allowed to keep 10 per cent of the profits instead of giving it all to the LTA, the governing body of British tennis.

Details of the agreement were first released last month. — AP