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MCGUIRE PROPOSES BOARD SHAKE-UP ON WTA TOUR
Published March 18, 1998
WTA Tour CEO Bart McGuire "has proposed major overhauls to the tour's board of directors," according to Robin Finn of the N.Y. TIMES. The proposal would "not only give him a regular voting role on the 10-member board, but would also restructure the board to include three directors with business experience that is not directly related to tennis." Finn reports McGuire is "seeking outsiders, specifically those with expertise" in TV and marketing to bring "balanced business judgment" to the tour. Finn: "The current board has often been criticized for fiduciary conflict of interest." Sources within the women's tour indicate that the proposed changes to the board have "the backing of the players, the International Tennis Federation and the [USTA]. But support from tournament directors, "whose seats on the board would be trimmed, was less certain"(N.Y. TIMES, 3/18).