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 20 January.
The PTPA, which is suing both tours and three of the four grand slam tournaments in New York District Court, is understood to have worked with Tennis Australia on drafting the proposed new structure after the players’ lobby group withdrew its legal claim against the organisers of the Australian Open.
