CVC Capital Partners, the former owner of Formula 1, will take a 20 percent stake in a commercial subsidiary as the tour seeks to expand its marketing of events and players and increase prize money.
Category: Women’s Tennis Assn
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CVC Capital Partners Will Invest $150 Million in WTA
The New York Times – Sports: -
Elliott Management, Activist Investor, Buys a Stake in Salesforce
The New York Times – Business:Elliott Management, the $55 billion hedge fund, has taken a big stake in the struggling tech giant, putting more pressure on its co-founder, Marc Benioff.
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Inside the Battle to Control, and Fix, Tennis
The New York Times – Sports:Tennis’ hit Netflix series and rising collection of young stars has investors bullish on the sport, which is poised for a once-in-a-generation moment of disruption.
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War and Motherhood Sidelined Ukraine’s Elina Svitolina. She’s Ready to Return.
The New York Times – Sports:Rather than struggling to compete on the WTA Tour most of 2022, the tennis star focused on her new daughter and raising money to help her fellow Ukrainians.
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Tennis Said Goodbye to Roger Federer and Hello to Carlos Alcaraz
The New York Times – Sports:The game went through a lot of changes and drama this year, including an emotional farewell to Serena Williams at the U.S. Open.
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A Surprising WTA Finals Victory Mirrors the Year in Women’s Tennis
The New York Times – Sports:Caroline Garcia, ranked just 79th in May, won the season-ending championship and will finish at No. 4 in a year that saw Serena Williams and Ashleigh Barty retire.
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WTA Chief Talks Money, China and Why Tennis Needs More Female Coaches
The New York Times – Sports:Even without China’s “zero-Covid” policy, Steve Simon said that unresolved concerns about Peng Shuai would keep women’s tennis away from Shenzhen and a lucrative 10-year-deal to stage the Finals.
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Jessica Pegula Is Peaking Just in Time for the WTA Finals
The New York Times – Sports:After winning her second career singles title a week ago, the American player with world-class timing on the court has found herself the world No. 3.
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The WTA and Women’s Tennis Struggle With Challenges
The New York Times – Sports:Money problems, shifting venues and a costly dispute with China have left the tour looking for answers — and a financial lifeline.