Sport
Landlord comes to the aid of Tennis Australia – The Age
Tennis Australia is receiving rent relief from The Melbourne and Olympic Parks Trust as the sport’s governing body braces for the massive financial hit of staging…
Tennis Australia is both a major tenant and venue partner with The Melbourne and Olympic Parks Trust, which has given rent relief to all tenants – including AFL clubs Collingwood and Melbourne, NRL premiers Melbourne Storm and A-League club Melbourne Victory – in 2020.
The exact amount for Tennis Australia is currently unclear but TA’s 2019 annual report, showing a profit of $10.7 million up from $6 million the previous year reveals operating leases cost more than $3 million.
“Under the property…
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