The ATP has had no profits in the last 2 years

Discussion in 'General Pro Player Discussion' started by Moose Malloy, May 7, 2008.

  1. Moose Malloy

    Moose Malloy Legend

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    So much for all those that think pro tennis is booming these days. And looking at the years('04 to '06) that it did make money, the numbers seem rather low(a pro sport that is supposedly so popular all over the world that only generates 3-5 mill a year in revenue? I think the NBA makes that much in a week.)

    It makes all these experiments(round robin, hawkeye, etc) seem a bit more understandable.


    http://www.sportsbusinessjournal.com/article/58877
     
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  2. norcal

    norcal Hall of Fame

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    #2
  3. PROTENNIS63

    PROTENNIS63 Hall of Fame

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    Interesting... I think they need to cut down there costs when they can and start making smarter decisions.
     
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  4. pound cat

    pound cat G.O.A.T.

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    Most of their expenses seemed to be in settling law suits. They should hire a better lawyer and save themselves a lot of money.
     
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  5. raiden031

    raiden031 Legend

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    You mean profit. Revenue would be all the money collected prior to factoring the expenses paid out.
     
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  6. Alexio92

    Alexio92 Professional

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    I thinks atp should retire.
     
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  7. soyizgood

    soyizgood G.O.A.T.

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    I wonder how the WTA has fared....

    I think the ITF is smiling at this piece of news.
     
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  8. sureshs

    sureshs Bionic Poster

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    This Etienne guy gets paid something like 600K $ a year with all first class travel expenses paid I assume. Time to get a cheaper guy.
     
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  9. sureshs

    sureshs Bionic Poster

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    They have huge amount of cash from Dubai etc.
     
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  10. skip1969

    skip1969 Legend

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    the day i feel sorry for the shmucks at the atp . . .

    interesting article, though. my guess is that when you're getting sued left and right, generally ruffling people's feathers, your chairman is a moron AND you're losing money . . . well, it might be time to consider some changes.
     
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  11. Fee

    Fee Legend

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    Hopefully this will lead to the dismissal of Etienne DeVilliers at the end of this year.
     
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  12. tennis_hand

    tennis_hand Hall of Fame

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    so? ATP is not supposed to be an organization for profit.
     
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  13. gj011

    gj011 Banned

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    Exactly. Also Barcelona and Rome should sue them now for stupid and unreasonable clay season schedule and run that fool De Villers out of town.
     
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  14. jmsx521

    jmsx521 Hall of Fame

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    The first thing that comes on my mind is they should cut-down the high-ranked players' salaries. Those people earn way too much. Maybe pro tennis can set an example to other sports such as basketball, golf, baseball. Those ridiculous salaries don't belong to athletes: They haven't cured people from illnesses, they haven't fixed global issues. These huge salaries can feed a whole nation with that.
     
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  15. RestockingTues

    RestockingTues Banned

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    Isn't the ATP essentially a labor union for professional tennis players? How/why are they making money in the first place?
     
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  16. RedWeb

    RedWeb Semi-Pro

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    Dude, players don't receive salaries. They win prize money for winning matches. Some do get appearance fees from some tournaments.
     
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  17. El Diablo

    El Diablo Hall of Fame

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    RestockingTues makes the cogent point here. The ATP is merely a trade organization that exists to serve the male players; it is not a revenue-generating entity by and large and is not reflective of the economic condition of the sport.
    Sports like tennis and golf differ from other major sports in that they do not exist in any organized sense to generate revenue for "owners," as most tournaments are individually owned and many are corporate-sponsored for the sake of publicity, as a kind of advertising expense (Sony-Ericsson Open, Family Circle Cup, BMW Open, etc.)
     
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  18. HoVa

    HoVa Rookie

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    tennis is a hard sport to make money in. why?


    because people only want to see the top players. and the top players can only be at one time and one place.

    think about basketball or soccer. Many players and many teams.

    Lots of chances for fans to go see and pay money. Lots of chances for different sponsers to pay money too.
     
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  19. obnoxious2

    obnoxious2 Semi-Pro

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    Maybe if they'll stop haggling with tv networks and actually give the public a chance to watch some tennis tournaments that aren't grand slams. And this isn't for the people who can afforrd international satellite.
     
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  20. jmsx521

    jmsx521 Hall of Fame

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    Oh yes... that's right... what was I thinking!?
     
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  21. Tchocky

    Tchocky Hall of Fame

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    I think many of the smaller tournaments have trouble turning a profit but the Grand Slam events always seem to be growing and they are always raising the prize money. I wonder how the WTA is doing in comparison.
     
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  22. Stchamps

    Stchamps Banned

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    Plus only the top 20ish players make 'a lot' of money from prize money, and even that isn't nearly as much as top 100 players in other sports.
     
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  23. soyizgood

    soyizgood G.O.A.T.

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    The ATP does NOT own the Slams. The ITF owns them and Davis Cup. The ATP is trying to hype up the Masters either to make more money off them or to take a swipe at the ITF (and the Slams) in the process.
     
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  24. AndrewD

    AndrewD Legend

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    The ITF does not own the 4 majors. Those events fall under the ITF banner but they are the property of the tennis federations (American, French and Australian) and club (All England Club) which stage the events.
     
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  25. vince916

    vince916 Semi-Pro

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    I didn't think anyone would consider pro tennis booming after ESPN dropped INdian Wells and Miami.
     
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