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RUSSIA'S ECONOMIC WOES PUT KREMLIN CUP IN JEOPARDY
Published October 9, 1998
Financial problems in Russia "mean" that the tennis court "may not be ready" for the Kremlin Cup tournament scheduled to start on October 19, according to Gennady Fyodorov of REUTERS. Event organizers said that "they could not afford the import duties" for the indoor surface being shipped to Moscow this week, and are "hoping customs officials will turn a blind eye." General Dir Yakov Shakhtin: "I'm hoping the customs people will understand our situation." The tournament has cut expenses for both the women's and men's tournaments -- (scheduled for November 9) -- including dropping the opening and closing ceremonies, decreasing handouts of souvenirs, and "all but" eliminating free VIP passes. Prize money remains at $950,000 for the women and $1.2M for the men (REUTERS, 10/7). TENNIS: Pilot Pen Int'l Tournament CEO Mike Davies confirmed yesterday that after nine years in New Haven, CT, the men's tennis tournament was sold for $1.7M to Austrian investment group Kitzbuhel (HARTFORD COURANT, 10/9).