China Tennis Booming with $15 Million Web Cash Influx
by Staff | March 18th, 2009
  • 5 Comments

The financial meltdown is just beginning to hit professional tennis. The ATP just announced millions it will return to tournaments after failing to replace title sponsor Mercedes-Benz. The WTA Tour says it is holding its own, but don’t look for its upward prize money trend to continue. U.S.-based tournaments are reporting less fan turn-out and profits.


China, which by the way owns much of the U.S. debt, isn’t that concerned, especially China’s pro tennis ventures.

If you’ve never heard of Sina.com, join the club, but the internet portal is apparently swimming in cash as it just announced a 100 million yuan ($14.63 million) investment in the 2009 China Open tennis tournament, according to the China Daily newspaper.

The sponsorship deal of the joint WTA/ATP event helps the event boost the total prize money from $108 million yuan last year to $660 million this year, according to China Daily. Probably not many pros will be missing this year’s event.

China has been successfully wooing pro tennis for the last five years, with the ATP moving their year-end Masters Cup to Beijing, among other ATP/WTA events already in China.


Also Check Out:
Chinese Scandal Possibly Threatens ATP Masters Cup
Li Na Returns to Beijing to Celebrate French Open Title [Video]
John McEnroe — Fighting Fit at 51
Fix ATP Player Absences with Cash, Not More New Balls
Serena Williams Wins, Venus Doesn’t in Oz

Don't miss any tennis action, stay connected with Tennis-X

Get Tennis-X news FREE in your inbox every day

5 Comments for China Tennis Booming with $15 Million Web Cash Influx

Milan Says:

It is a time to find countries with stronger economy and to move majors where there is a more green.


Duro Says:

Milane, I posted you a comment, but the administrator deleted it, because it wasn’t in English! Greetings from Bar!


tenisbebe Says:

Milan Says: – “It is a time to find countries with stronger economy and to move majors where there is a more green.”

And, besides China, which is also feeling the effects of the economic meatdown, where pray tell will these countries be “found”?


China Tennis Booming with $15 Million Web Cash Influx | Sport Says:

[...] Read the rest here:  China Tennis Booming with $15 Million Web Cash Influx [...]


Shan Says:

Good for China, they have some pretty passionate tennis fans too!

Top story: Andy Murray Broke Down In Tears After Receiving The Freedom Of Stirling [Video]
  • Recent Comments
Rankings
ATP - Apr 21 WTA - Apr 21
1 Rafael Nadal1 Serena Williams
2 Novak Djokovic2 Na Li
3 Stanislas Wawrinka3 Agnieszka Radwanska
4 Roger Federer4 Victoria Azarenka
5 David Ferrer5 Simona Halep
6 Tomas Berdych6 Petra Kvitova
7 Juan Martin Del Potro7 Angelique Kerber
8 Andy Murray8 Jelena Jankovic
9 Milos Raonic9 Maria Sharapova
10 John Isner10 Dominika Cibulkova
More: Tennis T-Shirts | Tennis Twitter | Live Tennis Scores | Headlines

Copyright © 2003-2013 Tennis-X.com. All rights reserved.
This website is an independently operated source of news and information and is not affiliated with any professional organizations.