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read moreTennis Australia sustained a net loss of more than $100 million in the 15 months around this year's delayed - and COVID-19-affected - Australian Open, the body's 2020/21 annual report has shown.
The cost of flying players from around the world to Melbourne and quarantining them for two weeks in hotels put a huge financial burden on the organisers of the Grand Slam tournament.
Restricted crowds - as well as a snap lockdown that kept fans out of the Melbourne Park precinct altogether for five days - limited the opportunities to mitigate the losses through ticket sales and other on-site revenue generators.
The accounts showed Tennis Australia recorded a net loss of $100.02 million from 30th July 2020 to 30th September this year.
Tennis Australia's cash reserves of $80 million were exhausted and the governing body took out a loan of $40 million to help get them through to next year's tournament.
After last summer's MCG Test and Australian Open had severe restrictions, the Victoria Government is currently lifting crowd restrictions in time for both events to have capacity crowds.
Tennis Australia are hoping for a more normal Australian Open in 2022, with the tournament returning to its usual January slot after being put back to February last year, while all the stadium courts will be able to hold their full capacity.
Players and officials who have been vaccinated will be allowed to fly into Australia and compete without any quarantine requirement.
With Reuters
Image: Australian Open. Credit: Tennis Australia/David Mariuz.
2nd December 2021 - Sydney to host 2023 FIFA Women’s World Cup final as Tournament schedule revealed
25th November 2021 - Australia announced as ‘preferred candidate’ to host Rugby World Cup 2027
24th November 2021 - Transformed Memorial Drive Tennis Centre to host blockbuster Adelaide International events
20th November 2021 - Vaccinated crowds to return for 2022 Australian Open but unvaccinated players will be barred
17th November 2021 - Host cities revealed for Australia’s 2022 ICC Men’s T20 World Cup
16th November 2021 - Report details $90 million financial shortfall facing Cricket Australia
26th October 2021 - CENTREPIECE at Melbourne Park named as venue to host AIME 2022 Welcome Event
25th October 2021 - Tennis Australia partners with Special Olympics Australia to become more inclusive
2nd September 2021 - Victorian Government to impose stricter rules for unvaccinated athletes at 2022 Australian Open
29th June 2021 - Golf Australia confirms Australian Open will be played in Sydney in 2021
16th June 2021 - Tennis Australia announces Chief Commercial Officer appointment
10th June 2021 - Safety measures introduced by Ticketmaster and Australian Open ensured a successful event
7th April 2021 - Players and coaches to benefit from Tennis Australia technology partnership with SwingVision
23rd February 2021 - Reduced crowd numbers sees Australian Open anticipating $99 million loss
17th February 2021 - Fans to return to Australian Open and indoor fitness and sport to resume as Victoria lifts Coronavirus lockdown
15th February 2021 - Australian Open generates most positive ‘buzz’ among sporting events and competitions
12th February 2021 - Australian Open to continue without crowds as Victorian Government closes facilities during new lockdown
12th February 2021 - Infosys enhances the digital experience for Australian Open virtual audience
8th February 2021 - COVIDSafe measures in place across Melbourne Park precinct for Australian Open
8th February 2021 - Kia marks 20 years of Australian Open sponsorship with first of its kind experience for tennis fans
5th February 2021 - Australian Open warm-up events recommence after player Coronavirus tests return negatives
4th February 2021 - Australian Open lead-up events impacted after quarantine hotel worker tests positive for COVID-19
21st January 2021 - Tennis Australia commits to Australian Open and paying for players’ hotel quarantine
15th December 2020 - Tennis Australia reveals receipt of $4.5 million in JobKeeper support during Coronavirus pandemic
8th December 2020 - Tennis Australia announces new board appointments
29th October 2020 - Nicole Pratt assigned new role at Tennis Australia to inspire and retain female tennis coaches
13th August 2020 - Tennis Australia’s Craig Tiley anticipates 2021 Australian Open will go ahead with fans in Melbourne
3rd July 2020 - Tennis Australia commits to staging 2021 Australian Open in Melbourne
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