NEW YORK (TheStreet) -- One of the most storied and prestigious tournaments in all of sports, the Wimbledon Championships, has been a cornerstone in professional tennis since its inception in 1877.
While Wimbledon is recognized as the world's oldest tennis tournament, it also acts as one the highest-priced sporting events of the year.
Loyalists to the two-week event have had the option of investing in a new method of full admittance to each day of the tournament since 2011, however. Through the Wimbledon debenture, patrons are permitted access to all individual sessions of the tournament over a five-year period and are granted admission to exclusive restaurants and bars as well as select debenture holder parking areas.
This elite form of tournament ticketing is a spirited financial investment but ultimately more monetarily practical because the average price ends up being cheaper than individual session tickets, so long as the debenture holder attends each session over the five-year period.
The Wimbledon debenture exists in two forms, titled the Centre Court debenture and No. 1 Court debenture, with each form covering a five-year tenure. The Centre Court debenture, whose purchasing period recently passed for the 2016-2020 Championships, saw an average price of 50,000 euro, or $68,175.
The Centre Court debenture would then cost $13,635 (9,994 euro) per year, with each of the tournament's sessions averaging at $1,048 (768 euro), nearly half the price of 2014's individual sessions ticket price. However, while patrons under the Centre Court debenture are given access to exclusive bar, restaurant and parking locations, the debenture does not cover additional costs for these perks.