French Open becomes first grand slam event to offer players share of tournament revenue
Summary
The French Open has become the first major tennis tournament to offer players a share of the event’s total revenue as part of prize money talks. This new profit-sharing approach sets it apart from other grand slam events and increases pressure on the US Open to adopt a similar model.Key Facts
- The French Open proposed sharing tournament revenue with players during recent talks at Wimbledon.
- This makes the French Open the first grand slam to consider prize money based on event profits.
- Players want all four grand slam tournaments to pay 16% of revenue in prize money immediately, rising to 22% by 2030.
- Players are also asking for contributions to their pensions and health care, plus a bigger role in tournament decisions.
- The US Open prize fund announcement is expected soon, with pressure to follow the French Open’s example.
- Some players, including world No. 1 Jannik Sinner, may skip the US Open mixed doubles if progress is not made.
- Last year, the US Open raised prize money by 21% to $85 million, up from $70 million the year before.
- A similar increase this year could push the US Open prize fund over $100 million for the first time.
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