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 massive 4 tournaments in sport haven’t been resistant to the influence of the COVID-19 pandemic, with Wimbledon having been canceled for the primary time since World Conflict II final 12 months and the newest editions of the three different outfits in bio-secure environments.

“Most of them additionally run a federation, so they’re additionally answerable for the event of tennis throughout the nation,” stated Gaudenzi, chairman of the boys’s tour, not too long ago.

“I feel a 12 months is sustainable, however two consecutive years for Grand Slams, or three, are undoubtedly going to be an issue… in addition they want somewhat oxygen, completely.

Regardless of the shortage of ticket gross sales and a managed sanitary setting, the US Open was nonetheless capable of afford almost 95% of its costs as of 2019, whereas the discount for the French Open delayed the 12 months. final was restricted to 11%.

This 12 months’s opening Grand Slam in Melbourne provided the identical money prize because the 12 months earlier than, however organizers have warned that will not be the case in 2022.

“It is an especially tough state of affairs for them too,” Gaudenzi added.

“However clearly Grand Slam tournaments are larger, and clearly if you’re larger you’ve gotten wider shoulders. And it is a totally different economic system. The 4 Grand Slam tournaments account for round 60% of the tennis trade’s whole enterprise quantity.

“They’ve undoubtedly taken a success, however their economic system is totally different. They have been capable of present 100% money prizes as they clearly have totally 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 mortgage to ship it to subsequent 12 months’s event.

Melbourne Park hosted 4 WTA occasions and three ATP tournaments along with the key beginning in late January, whereas the Cincinnati Masters passed off in a biosecurity bubble in Flushing Meadows forward of final 12 months’s US Open.

Gaudenzi stated the centralized bubble system, based mostly on the mannequin that ended the 2019-20 NBA season, had been thought of as an choice for wider use in tennis.

“Sadly for tennis, as a result of we’re world, totally different continents, totally different time zones, you progress an occasion to a distinct 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 distinct time zone. So it’s a must to begin, nearly from scratch. The ticketing, sponsorship and distribution fully rebuilds the platform from a income perspective.

“So that might clear up the journey drawback… however you will not clear up the monetary drawback in our case. The truth is, will probably be worse, so that you lose extra money by doing this. “

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