Even Grand Slams really feel monetary pinch in ‘bubbles’, says ATP chief
Holding the Grand Slam in costly ‘bio-bubbles’ may not be viable for a second season regardless of the monetary benefit the majors get pleasure from over different tournaments, ATP chief Andrea Gaudenzi instructed Reuters .
The large 4 tournaments in sport haven’t been proof against the influence of the COVID-19 pandemic, with Wimbledon having been canceled for the primary time since World Battle II final yr and the latest editions of the three different outfits in bio-secure environments.
“Most of them additionally run a federation, so they’re additionally accountable for the event of tennis throughout the nation,” stated Gaudenzi, the chairman of the lads’s tour, just lately.
“I believe a yr is sustainable, however two consecutive years for Grand Slams, or three, are undoubtedly going to be an issue… in addition they want a little bit oxygen, completely.
Regardless of the shortage of ticket gross sales and a managed sanitary atmosphere, the US Open was nonetheless in a position to afford almost 95% of its costs as of 2019, whereas the discount for the French Open delayed the yr final was restricted to 11%.
This yr’s opening Grand Slam in Melbourne provided the identical money prize because the yr earlier than, however organizers have warned that might not be the case in 2022.
“It is an especially troublesome state of affairs for them too,” Gaudenzi added.
“However clearly Grand Slam tournaments are larger, and clearly once you’re larger you’ve got wider shoulders. And it is a completely different economic system. The 4 Grand Slam tournaments account for round 60% of the tennis trade’s complete enterprise quantity.
“They’ve undoubtedly taken a success, however their economic system is completely different. They had been in a position to present 100% money prizes as they clearly have completely different revenue margins than our tournaments. ”
Organizers of the Australian Open carried 1,200 individuals on 17 flights from eight international locations and held 14 days of quarantine for all in January, but it surely got here at a price.
Tennis Australia has used up its $ 61.9million money reserves and has taken out a cash loan to ship it to subsequent yr’s event.
Melbourne Park hosted 4 WTA occasions and three ATP tournaments along with the most important beginning in late January, whereas the Cincinnati Masters happened in a biosecurity bubble in Flushing Meadows forward of final yr’s US Open.
Gaudenzi stated the centralized bubble components, primarily based on the mannequin that ended the 2019-20 NBA season, had been thought-about as an possibility for wider use in tennis.
“Sadly for tennis, as a result of we’re international, completely different continents, completely different time zones, you progress an occasion to a special location, not solely do you lose your tickets, however you additionally lose your sponsorship,” he stated. added.
“Broadcast and media will renegotiate since you transfer the occasion to a special time zone. So it’s important to begin, nearly from scratch. The ticketing, sponsorship and distribution utterly rebuilds the platform from a income perspective.
“So that will remedy the journey drawback… however you will not remedy the monetary drawback in our case. In reality, it is going to be worse, so that you lose extra money by doing this. ”
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