What's Hot

    Gevo surges on plan for second ethanol manufacturing plant in North Dakota | Invesloan.com

    March 30, 2026

    Alliance for a Better Future launches push for AI safeguards for teenagers | Invesloan.com

    March 30, 2026

    Ukraine Developing Interceptor Drone Swarms to Defend Against Russia | Invesloan.com

    March 30, 2026
    Facebook Twitter Instagram
    Finance Pro
    Facebook Twitter Instagram
    invesloan.cominvesloan.com
    Subscribe for Alerts
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    invesloan.cominvesloan.com
    Home » Tennis stars accuse governing our bodies of ‘cartel’ to disclaim them extra prize cash | Invesloan.com
    Business

    Tennis stars accuse governing our bodies of ‘cartel’ to disclaim them extra prize cash | Invesloan.com

    March 18, 2025
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Unlock the Editor’s Digest for free

    Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

    A group of top tennis players has accused the game’s governing bodies of trapping them in an unfair system, suppressing their earnings and putting their health at risk, in a legal action that seeks to shake up the sport.

    The Professional Tennis Players Association, co-founded by Serbian star Novak Djokovic, claimed in a complaint filed on Tuesday that the organisations behind the men’s and women’s tours ran a “cartel” alongside the game’s international governing body.

    In the claim, the PTPA and 12 players including Nick Kyrgios and Zheng Saisai accused the men’s Association of Tennis Professionals and the Women’s Tennis Association of harming players and fans through anti-competitive practices such as capping prize money and colluding to reduce competition among tournaments.

    The claim, filed in the Southern District of New York, is the latest escalation in a push by players for a bigger slice of the billions of dollars in revenues generated by professional tennis, including through tournaments. The PTPA has said it intends to take similar actions in the UK and Europe.

    It follows challenges to the established power brokers of other sports by a range of groups from private investors to football clubs, and comes as external investors seek to muscle in on the industry.

    Golf has been shaken up by the creation of the Saudi-backed LIV series while top European football clubs have tried, unsuccessfully, to create a breakaway super league that would allow them to capture more revenues.

    Tuesday’s court claim also named the International Tennis Federation — the sport’s global governing body — and the International Tennis Integrity Agency — a body responsible for anti-doping and match-fixing checks — as defendants.

    The non-profit PTPA is affiliated to Winners Alliance, a for-profit company chaired by hedge fund tycoon Bill Ackman that aims to create new business models in sport.

    Winners Alliance has already invested in a new athletics competition fronted by former Olympic sprint champion Michael Johnson, which is aiming to overhaul the sport, elevate the profile of top athletes and offer them higher pay.

    The lawsuit follows efforts by the PTPA, founded by Djokovic and Canadian player Vasek Pospisil in 2019, to advocate for improved conditions for players.

    It seeks several remedies including damages from the governing bodies and disgorgement of profits earned from their alleged wrongdoing.

    It also criticises the system by which players collect global ranking points. The points dictate which tournaments players can compete in and affect their sponsorship opportunities but are awarded only for competitions that are part of the defendants’ tours, putting alternative events at a disadvantage, the lawsuit claims.

    The filing accused the ITIA of combating doping and match-fixing with measures that were “far more draconian and invasive than necessary to achieve those aims because the players have no competitor tour or tournaments to turn to”.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Keep Reading

    Does personal credit score have a credit score high quality drawback? | Invesloan.com

    Iran battle lifts K-defence firm providing low-cost Patriot rival | Invesloan.com

    Subscribe to learn | Invesloan.com

    Subscribe to learn | Invesloan.com

    Pandemic oil merchants are the GOATs | Invesloan.com

    Subscribe to learn | Invesloan.com

    Subscribe to learn | Invesloan.com

    Subscribe to learn | Invesloan.com

    India cuts telecom spectrum costs as operator curiosity dries up | Invesloan.com

    LATEST NEWS

    Gevo surges on plan for second ethanol manufacturing plant in North Dakota | Invesloan.com

    March 30, 2026

    Alliance for a Better Future launches push for AI safeguards for teenagers | Invesloan.com

    March 30, 2026

    Ukraine Developing Interceptor Drone Swarms to Defend Against Russia | Invesloan.com

    March 30, 2026

    A significant change could also be within the works on your 401(okay) plan’s oversight | Invesloan.com

    March 30, 2026
    POPULAR

    China’s first passenger jet completes maiden commercial flight

    May 28, 2023

    Numbers taking US accountancy exams drop to lowest level in 17 years

    May 29, 2023

    Toyota chair faces removal vote over governance issues

    May 29, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!
    Facebook Twitter Pinterest WhatsApp Instagram
    © 2007-2023 Invesloan.com All Rights Reserved.
    • Privacy
    • Terms
    • Press Release
    • Advertise
    • Contact

    Type above and press Enter to search. Press Esc to cancel.

    invesloan.com
    Manage Cookie Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}