The PTPA (Association of Professional Tennis Players), with Novak Djokovic (1st) and Vasek Pospisil (66th) at the head like its founders, They released a statement against the ATP because of the rights money that goes to the players.
“The ATP Tour Board of Directors is in the process of rushing into a vote to secure a 30-year agreement that will provide 30-year licenses for Masters 1000 tournaments and add even more rights, including player data, under the umbrella of ATP Media. It recently came to light that a private equity firm called CVC Capital Partners is considering a $ 600 million minority stake in ATP Media. ” reads the beginning of the statement.
Then expand: “What does it mean for the players? No one but the ATP knows and they don’t want to elaborate. The ATP is secretly negotiating secret deals for their own benefit and it’s time for the players to have a real seat at the table.”
– Novak Djokovic (@DjokerNole) June 24, 2021
This statement also expresses the desire of the PTPA to work together with the ATP, agreeing that sport needs to generate more income. In the same, in addition, reference is made to the “30-year” plan that “provides lucrative opportunities for tournaments to form long-term sponsorship relationships and maximize revenue. The plan seeks to increase the value of ATP Media (owned by tournaments and not by players ) and you can add certain player rights to do so “ declares the PTPA, while it does not know what the players get in exchange for their rights.
Finally, the differences between the gains that the world of tennis generates for the players, compared to other sports, are cited. “In 2019, the professional tennis market (ATP / WTA / Grand Slam) generated $ 2.2 billion in revenue. Overall, players earned only 17.5% of this revenue. Golfers earned 22.68% of PGA. / Euro PGA, baseball and football players get 47% of the MLB and NFL respectively, “the PTPA quoted in its statement.