Djokovic co-founded player group seeks $1bn backing for new tennis tour Sport Business The lobby group co-founded by Novak Djokovic, the Professional Tennis Players Association, is seeking up to $1bn in investment to back its proposed shake-up of the professional circuit. According to multiple reports, the PTPA has contacted more than 20 banks and financial advisory firms to drum up support for its vision, which includes a new [...]
Australian Open enjoys record crowds before tournament has even begun Sport Business Australian Open organisers are toasting record crowds before the Grand Slam has properly begun after a near four-fold year-on-year increase in attendance on the first day of play at Melbourne Park. More than 29,000 tennis fans poured through the gates on Monday to catch players including home favourite Bernard Tomic and Brit Dan Evans in [...]
SA20 future in doubt as Big Bash sale process squeezes cricket investment Sport Business The SA20 franchise tournament is facing an uncertain financial future amid the threat of fresh competition for funding from Cricket Australia’s Big Bash, which is preparing to sell off stakes in its franchises to private investors later this year. All six SA20 franchises are owned by Indian Premier League teams, many of whom have expressed [...]
Australian Open prize money 2025: How much can tennis players earn? January 24, 2025 There has never been a more lucrative time to be a top tennis player, with prize money at the Australian Open more than doubling in the last 10 years. The Grand Slam is paying out A$96.5m ($61m/£49m) in total over the fortnight in Melbourne, where play culminates with the women’s and men’s singles finals this [...]
