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U.S. INDOOR TOURNEY NOT SOLD ON ADVANTA AND IMG OFFER
Published October 12, 1995
Although Advanta has offered to sponsor the U.S. Indoor Men's tennis tournament at the CoreStates Spectrum for the next ten years and IMG has agreed to run the event, the Philadelphia Indoor Tennis Corp. "is resisting," according to the PHILADELPHIA DAILY NEWS. Tournament Dir Tom Gowen said the group "is concerned about area youth tennis programs continuing to receive proceeds from the tournament" and that the money Advanta is offering "isn't enough." Another condition "bothering" tournament officials is IMG's involvement. Gowen: "Without the condition that IMG run (the tournament), the deal would have been done a long time ago" (Bill Fleischman, PHILADELPHIA DAILY NEWS, 10/11).