AO will be shifted to February and played in Singapore.
Saudis make billion dollar offer to merge ATP and WTA tours, add January Masters tournament
- Thread starter Kralingen
- Start date
Oval_Solid
Hall of Fame
1 billion for both tours is too low
a single nba team is worth 500 million
a single nba team is worth 500 million
Bartelby
Bionic Poster
My God, Rafa is a food scientist. I hope he cleans his hands!
Rafa has already launched his brand of food supplements:
Cantabria Labs presents NDL Pro-Health: an innovative line of complementos alimentary
They treat of some complementos alimentary designed for key moments of the sport and the improvement of the welfarewww.nextinbeautymag.com
Bartelby
Bionic Poster
socallefty
G.O.A.T.
Just like with the Premium Tour plans, there are no details on what this will actually mean for tournaments and fans. Is $1B going to buy them a Masters hosting role and a sportswashing headline that they helped to integrate the WTA with the ATP or does it mean other wholesale changes for the sport?
What NBA franchise is that? They are all worth far more than that. The golden state warriors alone are worth 7 billion. https://en.wikipedia.org/wiki/Forbes_list_of_the_most_valuable_sports_teams
They will conduct a tournament in January which will interfere with the AO warmups. Then they will purchase the AO and move it to Singapore.
Bartelby
Bionic Poster
Players used to play either in the Middle East or the Hopman/Brisbane at the beginning of January, so it restores the status quo ante.
KSA would have to buy the controlling body of the slams, so all four slams would have to agree, and that is not happening anytime soon.
KSA would have to buy the controlling body of the slams, so all four slams would have to agree, and that is not happening anytime soon.
I just think this is much ado about not much.
Bartelby
Bionic Poster
tennis24x7
Professional
Federer is useless when it comes to spending money. Completely useless, do you think he will buy something as big as this?
tennis24x7
Professional
Yeah right separate, really?
tennis24x7
Professional
Instead of this why doesn't the ATP hold a 250 with significant prize money where the top 128 players are excluded from playing or holding it during the same time as one of the majors. Will go a long way in helping out the people struggling to make it on the tour.
Bartelby
Bionic Poster
It's not clear what this rather paltry $2 billion figure does buy as a unified tour would have to re-write the structure of the tour. It leaves Gaudenzi on top, clearly.
But does the PIF take half the tour that used to belong to the bosses, and the players remain with their "lesser half"? Or does PIF just join with the other bosses?
But does the PIF take half the tour that used to belong to the bosses, and the players remain with their "lesser half"? Or does PIF just join with the other bosses?
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Hardly anyone watches Challengers. How would the tournament break even?
THUNDERVOLLEY
G.O.A.T.
Perception often drives market value, or rather, what a person or company is willing to offer for it. Unfortunately (or perhaps its a comment on this era of tennis), 1 billion (or two) is about as high as any entity is willing to offer for professional tennis. Weigh the value of tennis against the NBA or NFL--that's as uneven a scale as one can imagine.
tennis24x7
Professional
The ATP will pay some part of the prize money.
Saudi Arabia’s $3 billion bid to unite tennis sparks civil war … with Aus Open boss at the centre
Saudi $3bn tennis takeover bid sparks civil war … with Aus Open boss at the centre
www.foxsports.com.au
Razer
Legend
He wouldn't, I am sure of it.
Oval_Solid
Hall of Fame
larry ellison should offer to buy the tour for 2 billion
Bartelby
Bionic Poster
If the ATP yanks the United Cup there is nothing Tiley can do. We revert back to the status quo ante where Australia puts on 250s before the AO.
Saudi Arabia’s $3 billion bid to unite tennis sparks civil war … with Aus Open boss at the centre
Saudi $3bn tennis takeover bid sparks civil war … with Aus Open boss at the centre
Good question. If I’m reading the articles correctly, the owners of the Masters 1000’s decide on the KSA offer? Not sure who decides on Premium Tour offer proposed by Grand Slam owners. Players plus owners of tournaments?
Bisquick
Rookie
Aramco is all over the place - was watching some concacaf soccer and they’re all over that.
And we know how it’s going over with F1.
Waiting for the Aramco handball championships for the euros, the Aramco pro bull riding championships for the muricans, and the Aramco curling championships for the Canadians
Better_Call_Raul
Hall of Fame
To those claiming that the $1 Billion KSA offer is a lowball offer, it is a reasonable offer.
Please keep in mind that tennis tournaments are not all that particularly profitable.
Although the AO’s revenue’s are high and generally increasing YOY, so are its expenses, and the event has faced financial battles over recent years due to the pandemic.
AO’s recent financial performance summary:
2020 & 2021: $100 million+ loss (combined)
2022: $4.4 million profit
2023: $62 million profit
In 2023, the Australian Open reported a record profit of $62 million, largely due to the Victorian Government forgiving a $43 million COVID debt.
However, finance losses for the period increased to $6.4 million.
www.theguardian.com
Please keep in mind that tennis tournaments are not all that particularly profitable.
Although the AO’s revenue’s are high and generally increasing YOY, so are its expenses, and the event has faced financial battles over recent years due to the pandemic.
AO’s recent financial performance summary:
2020 & 2021: $100 million+ loss (combined)
2022: $4.4 million profit
2023: $62 million profit
In 2023, the Australian Open reported a record profit of $62 million, largely due to the Victorian Government forgiving a $43 million COVID debt.
However, finance losses for the period increased to $6.4 million.
Australian Open boss defends $43m bailout to target record 1 million spectators in 2024
AO begins in new 15-day format expected to generate extra $10m as Asic accounts revealed Victorian government forgave $43m loan during Covid
www.theguardian.com
Bartelby
Bionic Poster
Don't go into business, Saul, you are too "woke" to understand how it works.
To those claiming that the $1 Billion KSA offer is a lowball offer, it is a reasonable offer.
Please keep in mind that tennis tournaments are not all that particularly profitable.
Although the AO’s revenue’s are high and generally increasing YOY, so are its expenses, and the event has faced financial battles over recent years due to the pandemic.
AO’s recent financial performance summary:
2020 & 2021: $100 million+ loss (combined)
2022: $4.4 million profit
2023: $62 million profit
In 2023, the Australian Open reported a record profit of $62 million, largely due to the Victorian Government forgiving a $43 million COVID debt.
However, finance losses for the period increased to $6.4 million.
Australian Open boss defends $43m bailout to target record 1 million spectators in 2024
AO begins in new 15-day format expected to generate extra $10m as Asic accounts revealed Victorian government forgave $43m loan during Covid
Tshooter
G.O.A.T.
To those claiming that the $1 Billion KSA offer is a lowball offer, it is a reasonable offer.
Please keep in mind that tennis tournaments are not all that particularly profitable.
Our favorite BCR is now a financial analyst.
Remember you had no clue what DCSR was and you were scratching your head as to how the USTA could maintain its stellar credit rating despite a large amount of long-term debt and a no fans USO. In any case, whatever this proposal is it doesn't directly involve the Majors.
Better_Call_Raul
Hall of Fame
The Australian Open offers $50 million in prize money
Riyadh should just go ahead and host a $100 million tournament in January. The players will definitely come.
Watch Craig Tilley and Bart squirm.
Riyadh should just go ahead and host a $100 million tournament in January. The players will definitely come.
Watch Craig Tilley and Bart squirm.
Bartelby
Bionic Poster
The ATP/WTA have a monopoly control over labour. They are essentially a racket. Riyadh has put its offer on the table to the official bodies.
What the prize money is would be in line with what Master's events habitually offer.
What the prize money is would be in line with what Master's events habitually offer.
Do you literally just make stuff up?
Australian Open prize money hits record high with $10 million increase in 2024
The world’s best tennis players will compete for $AU 86.5 million in prize money at Australian Open 2024, a historic-high prize pool the result of a record $10 million (13 per cent) increase on AO 2023.
ausopen.com
Their prize money is 86.5 million.
Better_Call_Raul
Hall of Fame
The players are supposed to be independent contractors. Free to play anywhere they choose.
In any case, $1 Billion is a reasonable starting point offer for ATP (ATP only, not WTA). Certainly nothing more than $1.5 Billion.
Why? Because these ATP Masters 1000 events are not all that profitable. There are many expenses involved. And unlike other sports the TV viewership is very limited.
If they choose to follow the ATP guidelines. But nothing is preventing KSA from hosting a $100 million January tournament in Riyadh during AO.
And hopefully these independent contractor players will be free to choose where they play. A win-win for all.
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Tshooter
G.O.A.T.
That’s part of BCRs charm.
(But he may be thinking in $US. So he’s close.)
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AO13
Hall of Fame
I haven't yet lived for 1 billion seconds (2 and a half years shy), ans you guys find 1 billions dollars very low.
I mean this stuff is like a key stroke away. He doesn't have to be an investigative reporter here.That’s part of BCRs charm.
octobrina10
Talk Tennis Guru
No matter the topic, Rafa bashers' are imagining dirty things.
Impetus
Semi-Pro
I'm from Denmark, one of the richest countries in the world and we don't have an academy like that.
Our best players have to go to italy, Spain, Germany etc. Parents either have money or borrow. Rune's parents sold their summerhouse to afford his last junior years. My wife is from Serbia and I know the Djokovic family borrowed money from the mafia to sent him to an academy in Germany.
If we go outside the western world we don't see any Africans and very few asians players. No money, no academy, no coaches, no fysio's and the list goes on.
In badminton we have a totally different system. The price money players earn goes to the union and the clubs. It means Denmark has won 19 out of 19 European champignonships for Men and 15 out of 19 for women. You only get these statistics because the system works. After some time the best players offen move to another country at some point in their career to earn more money.
Bartelby
Bionic Poster
I roped you in again, didn't I? You must admit, however, that your remarks were irrelevant. Rafa's food supplements have nothing to do with the topic.
Bartelby
Bionic Poster
KSA is paying one billion for just one ATP Master's and a seat at the table. Just don't go into business, promise!
And the top 30 ATP players have to play at Master's events. They are not free to go anywhere at that time.
And the top 30 ATP players have to play at Master's events. They are not free to go anywhere at that time.
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