Sport
Tennis Australia gets $4.5m in JobKeeper support amid Open financial hits – The Age
Tennis Australia has confirmed it’s likely to seek external credit, and has received JobKeeper support, as it prepares for an extraordinary financial hit.
JobKeeper eligibility was assessed and funds were received on the basis of a reduction in turnover mainly attributable to the closure of customer facing tennis facilities around the country, said the 2020 annual report.
Tennis Australia delivered a surplus of $4.4 million for 2019-2020 down from a profit of $10.7 million the previous year.
Revenue for last year, including the 2020 Australian Open unaffected by the global pandemic, surged to $456 million but TA is bracing for a drop on several fronts…
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