logo
Tennis player association files new complaint against ATP, WTA Tours, removes star complaints

Tennis player association files new complaint against ATP, WTA Tours, removes star complaints

New York Times5 hours ago

The Professional Tennis Players Association (PTPA) has submitted an updated complaint in its antitrust lawsuit against tennis' governing bodies.
The organization, which was co-founded by Novak Djokovic in 2020, has taken out critiques of the tour schedule from players who are not named as plaintiffs in the lawsuit, including French Open champions Coco Gauff and Carlos Alcaraz.
Advertisement
It has also removed two defendants from a group it characterized as a 'cartel' in its initial action, which was filed in London, New York City and Brussels. The International Tennis Federation is off the suit filed in New York City, as is the tennis anti-doping and anti-corruption body, the International Tennis Integrity Agency.
A source briefed on the PTPA's legal proceedings, who spoke on the condition of anonymity to protect relationships in tennis, said that the ITF and the ITIA had been removed to focus on the alleged antitrust violations by the men's (ATP) and women's (WTA) tennis tours.
The PTPA filed its initial lawsuit in March. That filing described the biggest governing bodies in tennis as a 'cartel,' which suppresses wages, player opportunity and rival tournaments 'to the harm of players and fans alike.' The PTPA alleged numerous antitrust violations, all of which have been denied by the accused governing bodies, who last month filed motions to dismiss the lawsuit.
The men's and women's tours argue that their bylaws require players to settle disputes through arbitration, rather than in court. In May, they and the ITF and ITIA filed a joint motion to dismiss the PTPA as a plaintiff, on the grounds that it cannot orchestrate such an action because it does not have a formal membership. A judge has yet to rule on that motion.
The original lawsuit listed 12 player plaintiffs, including co-founder Vasek Pospisil, and Reilly Opelka and Sorana Cirstea, who are active players. Djokovic was not a named plaintiff. There are now 14, with the addition of Sachia Vickery and Nicolas Zanellato, though there are still no top-tier stars among the named complainants, giving the impression, rightly or wrongly, that the PTPA's lawsuit does not have the support of most of the most powerful voices in the game.
Advertisement
A spokesperson for the PTPA said at the time that more than 250 professional players across all tiers of the sport, as well as the organization's executive committee, which includes Djokovic, supported the action.
Shortly after the lawsuit was filed, Djokovic said in a news conference at the Miami Open: 'To be quite frank with you, there are things that I agree with in the lawsuit and there are also things that I don't agree with.
'I found that maybe some wording was quite strong in there.'
The updated complaint, filed in New York Tuesday evening, has changed some wording. The original was written with the kind of confrontational language that is typical of U.S. lawsuits, with the four Grand Slams — Wimbledon and the Australian, French and U.S. Opens — described as 'co-conspirators' alongside the defendants' alleged 'cartel'.
Some of that language is still there, including in the opening salvo:
'Professional tennis players are stuck in a rigged game. Not on the court, where fierce competition between players delights millions of fans worldwide, but off of it, where players are forced to endure grueling schedules, capped earnings, abusive and invasive investigations and discipline, and have limited control over their own careers and brands. This is because a cartel of professional tennis tour organizers and tournament operators have conspired to avoid competition amongst themselves and to shut out outside tournaments, affording them complete control over the players' pay and working conditions.'
The four Grand Slams will not be named as defendants for at least another 90 days, amid settlement discussions between them and the PTPA, according to a filing lodged this week.
The updated complaint focuses more closely on alleged violations of antitrust law by the two tours, while countering the arguments that they have made to convince the court to dismiss the case. It also focuses more heavily on the governance structures of the tours, outlining how the players are not equal partners in the operations, as the tours' leaders have claimed. The original, which included reference to complaints by Alcaraz, Gauff and five-time Grand Slam champion Iga Świątek, has omitted those complaints. It had used quotes from those players in news conferences and interviews in which they criticized how tennis is scheduled. Since the initial complaint was filed, a group of top-10 ranked male and female players has held meetings with the four Grand Slams to discuss an increased proportion of their revenues being shared with players as prize money.
Advertisement
This is one of the goals of the PTPA lawsuit, and the PTPA has also held meetings with leaders of the Grand Slams. In the past, those leaders have expressed a desire to restructure tennis, creating a streamlined event calendar that revolves around their events and the 1,000-level ATP and WTA events, which are one rung below their tournaments.
The discussions between the Grand Slams and PTPA aim to develop a framework for a new structure for professional tennis. That structure would then be circulated to the ATP, WTA, and ITF for their input.
The Grand Slams and other governing bodies, however, have been doing this dance since last year, when the Grand Slams presented the tours with a plan for a so-called 'premium tour,' with fewer events and a pooling of their lucrative media rights.
That plan never went beyond discussions, and earlier this year, the ATP and WTA presented the Grand Slams with their own plan to reform tennis, which the Grand Slams rejected out of hand. The PTPA believes that the spectre of lengthy and expensive antitrust litigation will create more urgency for change. Thus far, this has not been the case.
While their complaints have been eliminated from the formal PTPA complaint, top players on the ATP and WTA Tours remain in discussions about the schedule and revenue sharing in their sport.
To achieve a high ranking, players typically need to participate in around 20 tournaments each year worldwide. The top players, who regularly go deep in those tournaments, have said that they don't receive necessary rest and that the sport's roughly four-week off-season is far too short.
They are also subject to financial penalties and other punishments if they skip mandatory tournaments.
The players — and the PTPA — also want the Grand Slams and ATP and WTA tournaments to share a higher proportion of revenue with players. They could offer to share more than the roughly 20 percent of their revenues with players by significantly increasing prize money.
Advertisement
Major American sports leagues, such as the NBA and NFL, share approximately 50 percent of their revenues with players. Grand Slam prize money typically amounts to between 13 and 18 percent of each tournament's annual revenue, while for ATP and WTA events, that figure rises closer to 25 or 30 percent.
The courts will next address the defendants' motions to dismiss the case or to move it to arbitration.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UK Penny Stocks To Watch: 3 Picks Below £200M Market Cap
UK Penny Stocks To Watch: 3 Picks Below £200M Market Cap

Yahoo

time26 minutes ago

  • Yahoo

UK Penny Stocks To Watch: 3 Picks Below £200M Market Cap

The UK market has recently experienced some turbulence, with the FTSE 100 index closing lower due to weak trade data from China, highlighting ongoing global economic challenges. Despite such broader market pressures, investors continue to seek opportunities in niche areas like penny stocks, which can offer access to growth in smaller or newer companies. While the term "penny stock" may seem outdated, these investments remain relevant for those looking for potential value and long-term gains when backed by strong financial health. Name Share Price Market Cap Financial Health Rating Foresight Group Holdings (LSE:FSG) £4.03 £452.79M ★★★★★★ Warpaint London (AIM:W7L) £4.37 £353.04M ★★★★★★ Stelrad Group (LSE:SRAD) £1.55 £197.4M ★★★★★☆ Cairn Homes (LSE:CRN) £1.852 £1.15B ★★★★★☆ Ultimate Products (LSE:ULTP) £0.742 £62.4M ★★★★★☆ Van Elle Holdings (AIM:VANL) £0.42 £45.44M ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.475 £431.41M ★★★★★★ Begbies Traynor Group (AIM:BEG) £1.11 £177.08M ★★★★★★ Croma Security Solutions Group (AIM:CSSG) £0.865 £11.91M ★★★★★★ Braemar (LSE:BMS) £2.28 £71.01M ★★★★★★ Click here to see the full list of 302 stocks from our UK Penny Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Gear4music (Holdings) plc is a retailer of musical instruments and equipment operating in the United Kingdom, Europe, and internationally, with a market cap of £42.79 million. Operations: The company generates revenue of £146.72 million from the sale of musical instruments and equipment. Market Cap: £42.79M Gear4music (Holdings) plc, with a market cap of £42.79 million, has shown improved financial metrics over the past year. The company's earnings grew by 27.8%, surpassing its five-year average decline of 51.3% annually, and its debt to equity ratio decreased significantly from 62% to 30.5%. Despite high volatility in share price and low return on equity at 2.1%, Gear4music's short-term assets comfortably cover both short- and long-term liabilities. Recent earnings results revealed modest sales growth to £146.72 million and an increase in net income to £0.832 million, reflecting stable operational performance amidst industry challenges. Unlock comprehensive insights into our analysis of Gear4music (Holdings) stock in this financial health report. Learn about Gear4music (Holdings)'s historical performance here. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Stelrad Group PLC manufactures and distributes radiators across the United Kingdom, Ireland, Europe, Turkey, and internationally with a market cap of £197.40 million. Operations: The company generates £290.58 million in revenue from its radiator manufacturing and distribution operations. Market Cap: £197.4M Stelrad Group PLC, with a market cap of £197.40 million, is trading at a good value relative to its peers and industry, currently 39.1% below estimated fair value. The company reported revenues of £290.58 million from radiator manufacturing and distribution operations. Despite high debt levels with a net debt to equity ratio of 102.5%, the company's interest payments are well covered by EBIT at 4.9 times coverage, and operating cash flow covers debt well at 32.7%. Earnings grew by 7.1% last year, outpacing the Consumer Durables industry's decline, though growth has slowed compared to its five-year average rate of 23.4%. The board is experienced with an average tenure of 6.6 years; however, management experience data is insufficient for assessment. Get an in-depth perspective on Stelrad Group's performance by reading our balance sheet health report here. Evaluate Stelrad Group's prospects by accessing our earnings growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: WeCap plc is a UK-based investment company with a market cap of £6.06 million. Operations: No revenue segments are reported for WeCap. Market Cap: £6.06M WeCap plc, with a market cap of £6.06 million, is a pre-revenue company in the UK, indicating it has not yet generated significant income. Despite its unprofitability and increased losses over the past five years, WeCap maintains a strong cash position with more cash than debt and sufficient runway for over three years. Recent executive changes include the termination of director John Edward Taylor as of April 30, 2025. The stock exhibits high volatility compared to other UK stocks but hasn't seen meaningful shareholder dilution recently. Short-term assets comfortably cover both short- and long-term liabilities. Take a closer look at WeCap's potential here in our financial health report. Examine WeCap's past performance report to understand how it has performed in prior years. Unlock our comprehensive list of 302 UK Penny Stocks by clicking here. Seeking Other Investments? We've found 17 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:G4M LSE:SRAD and OFEX:WCAP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

FCM Travel relaunches 'Sam' as a revolutionary intelligent virtual assistant
FCM Travel relaunches 'Sam' as a revolutionary intelligent virtual assistant

Yahoo

time31 minutes ago

  • Yahoo

FCM Travel relaunches 'Sam' as a revolutionary intelligent virtual assistant

LONDON, June 25, 2025 /PRNewswire/ -- FCM Travel, a global leader in travel management across nearly 100 countries, is pleased to announce the relaunch of 'Sam', which now lives as an advanced intelligence that is set to power every digital experience at the world-renowned corporate travel giant. For customers, Sam will initially come to life as a cutting-edge virtual travel assistant, transforming the experience for travellers, travel bookers, and managers. Available across FCM's proprietary Platform, app, and browser extension, Sam delivers personalised, efficient, and seamless solutions, making travel smarter and more rewarding for customers globally. Evolved from FCM's award-winning technology, customers will experience Sam as a conversational AI assistant – one that anticipates user needs, providing real-time answers, along with uniquely tailored recommendations to streamline every aspect of travel. By learning from every single interaction, Sam ensures a consistent, high-quality experience across all touchpoints, empowering users with intuitive support whether booking trips, managing itineraries, or accessing travel insights. "Sam is a game-changer for our customers," said John Morhous, Global Chief Experience Officer, FCM Travel. "This isn't just about answering your questions – it's about creating a travel companion that understands your preferences, simplifies complex tasks, and enhances every journey. "In a sea of sameness, Sam delivers a true alternative by empowering all our travellers, bookers, and managers to focus on what matters most, while giving them the confidence that their travel needs are handled effortlessly. "We pride ourselves on listening to the wants and needs of our customers, and this helps us to guide our innovation drive, allowing us to automate the ordinary to deliver the extraordinary." Key Benefits of Sam: Real-time solutions: From checking airport security wait times to confirming visa requirements, Sam delivers instant, accurate answers to keep travellers on track Personalised, proactive support: Sam tailors recommendations based on user preferences, such as suggesting optimal flight classes or loyalty benefits for upcoming trips Seamless multi-platform access: Whether via mobile, desktop, or chat, Sam provides a consistent and intuitive experience across all channels Unplanned events: Sam will be a traveller's go-to companion during disruption as it offers a virtual helping hand when it comes to delays, cancellations, and emergencies – surfacing options, policies, and contacts without the traveller even having to ask Enhanced security and compliance: Sam ensures data privacy and compliance with robust, centralised processes, giving users peace of mind Adaptable behind-the-scenes 'playbooks' for travel managers: As a connected intelligence, interactions with Sam can be configured to meet customer needs, allowing travel managers to create a unique experience that drives program goals, setting Sam apart from anything currently available on the market. Beyond its customer-facing capabilities, Sam works behind the scenes to unify FCM 's internal systems, integrating data from multiple sources to create a centralised intelligence, enabling our internal teams to deliver ever-better service and value. "Unlike siloed AI systems, Sam's shared learning environment not only empowers our customers with a conversational assistant that anticipates their needs, but also enhances our internal operations," said Morhous. "By equipping our experts with enriched customer profiles and real-time insights, they can deliver our customers a faster, more impactful service. This is about making travel more rewarding and efficient for everyone involved." Sam in Action: Travellers: "How long is the security line at Heathrow airport right now?" or "Do I have any loyalty benefits for my upcoming trips?" Travel Bookers: "Do I have any travellers in Paris right now?" or "Connect me to an agent." Travel Managers: "Do any of our travellers have trips to Mumbai in the next few days?" or "What's the progress on my support ticket?" About FCM Travel FCM is one of the world's largest travel management companies and a trusted partner for thousands of national and multi-national organisations, including many household brands, Fortune, and FTSE 100 companies. With a 24/7 reach in more than 90 countries, FCM's agile and flexible technology anticipates and solves client needs, supported by expert teams who provide in-depth local knowledge and duty of care as part of the ultimate personalised business travel experience. As the flagship corporate travel arm of Flight Centre Travel Group, FCM is able to deliver some of the most competitive rates, unique added-value benefits, and exclusive solutions for its clients to support their business travel requirements. Alongside its travel management services, the company provides specialist services through FCM Consulting and FCM Meetings & Events to service the broader needs of clients. Discover the alternative at Please click here for more on Sam. Photo - - View original content to download multimedia: SOURCE FCM Travel Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

M&S' food sales growth slows after cyberattack, says NielsenIQ
M&S' food sales growth slows after cyberattack, says NielsenIQ

Yahoo

time34 minutes ago

  • Yahoo

M&S' food sales growth slows after cyberattack, says NielsenIQ

LONDON (Reuters) -British retailer Marks & Spencer's food business saw sales growth slow to 9.1% over the 12 weeks to June 14 year-on-year, reflecting the disruption that followed a cyberattack in April, industry data showed on Wednesday. Researcher NielsenIQ said M&S' food sales growth slowed from 10.8% in last month's report and 14.7% in the one before that. Though M&S' market share ticked up 10 basis points on the year to 3.7%, it was down from the 3.8% reading in last month's report. As part of its management of the cyberattack, M&S stopped taking online clothing orders and also took other systems offline. That reduced food availability and also resulted in higher waste and logistics costs. Last month, M&S said the attack would cost it about 300 million pounds ($409 million) in lost operating profit. The group resumed taking online orders for clothing lines on June 10 after a 46-day suspension following the attack. Most of NielsenIQ's data broadly echoed the findings of rival researcher Kantar's report on Tuesday, with robust performances from market leader Tesco, number two player Sainsbury's and online supermarket Ocado. However, M&S is not fully included in Kantar's market share data set. ($1 = 0.7341 pounds)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store