Players’ group’s $1bn breakaway tour plan pushes tennis to brink of civil war
PTPA develops new Future Tennis blueprint for the sport
Funding sought from investment banks for Pinnacle Tour
The players’ lobby group embroiled in a lawsuit with tennis authorities is seeking $1bn in investment to fund a radical restructure of the professional game based around a new Pinnacle Tour that would offer more prize money for the top men and women despite playing fewer tournaments.
In a direct challenge to the ATP and WTA tours, the Professional Tennis Players Association has developed a new blueprint for the sport, Future Tennis, that was sent to more than 20 investment banks and financial advisory firms on Tuesday. Continue reading...
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