New Wimbledon agreement

An agreement that will allow Wimbledon organizers to buy back complete control of the All England Club passed a vote with the Lawn Tennis Association (LTA). The agreement, in which the LTA will supposedly get $83 million in installments 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 organizers 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.