Sport
Australian Open projects financial hit topping $78M, tournament director says – ESPN Australia
The Australian Open is expecting a loss of more than $78 million for this year’s tournament, due to factors including lost revenue from ticket sales and the cost…
MELBOURNE, Australia — The Australian Open is expecting to record a loss of more than $78 million (AU$100 million) for running the tennis season’s first Grand Slam amid the COVID-19 pandemic, tournament director Craig Tiley said Friday.
The government-imposed restrictions put in place to slow the spread of the virus meant Tennis Australia was already having to deal with a crowd cap of 30,000 spectators per day. But when the state of Victoria was plunged back into a snap five-day lockdown on Day…
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