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Monday, July 9, 2012

Federer’s Seventh Wimbledon Title Gives Oxfam $158,000 Bet Bonus

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By James Cone - Jul 9, 2012 6:45 AM GMT+0700

Roger Federer’s record-tying seventh Wimbledon tennis title will earn charity Oxfam 101,840 pounds ($158,000) from a bet it didn’t even make.

Oxfam, which aims to fight poverty worldwide, was bequeathed the bet along with the entire estate of Nick Newlife, who died at age 59 in 2009. Newlife staked a 1,520-pound bet in 2003, at odds of 66-1, that before 2020 Federer would win the championship at the All England Club on seven occasions, bookmaker William Hill Plc (WMH) said in a statement.

Newlife “sadly did not live to see Roger land perhaps the most spectacular bet we have ever taken on tennis,” William Hill spokesman Graham Sharpe said in the statement.

Switzerland’s Federer recovered from losing the opening set to beat Britain’s Murray 4-6, 7-5, 6-3, 6-4 on Centre Court yesterday and tie Pete Sampras and William Renshaw with a record seven titles at the All England Club in London.

It was Federer’s first Grand Slam title since the 2010 Australian Open and returns him to the No. 1 ranking.

To contact the reporter on this story: James Cone in London at jcone@bloomberg.net

To contact the editor responsible for this story: Christopher Elser at celser@bloomberg.net



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