Well, this is music to our ears! Some people are truly unfamiliar with how tennis players make their money. If you are not in the top 100 and sponsored by big brand or have endorsements in place, you're left to earn your income from playing in tournaments! Ascot Manor's mission is to support financially under resourced players who need sponsorship. We reinvest a portion of our sales back into the business to keep thriving, deserving players in the sport of tennis.
The NY Times reports the funds from the Grand Slam tournaments and the sport’s governing bodies, are needed for players who have a difficult time making a living even in ordinary times.
The leaders of tennis’s governing bodies announced the creation of a relief fund on Tuesday to help lower-ranked players weather the crisis created by the coronavirus pandemic. “It’s taken us a little bit of time, but the good news is that we’ll be addressing this in the right way,” said David Haggerty, the president of the International Tennis Federation.
While the final details are still being negotiated, the fund is expected to amount to more than $6 million, with $1 million contributions expected to come from each of the four Grand Slam tournaments: the Australian Open, the French Open, Wimbledon and the United States Open.
The men’s and women’s tours — the ATP and the WTA — are also expected to contribute close to $1 million each The I.T.F., which oversees many of the lower-level professional events as well as the Davis Cup and Fed Cup team events, will also contribute, even though it recently announced furloughs and temporary salary reductions. Haggerty said the I.T.F. would contribute out of its reserves.