Both the N.Y. TIMES and the SPORTSBUSINESS JOURNAL
report that the USTA sustained a deficit of nearly $13M in
'99 (see THE DAILY, 3/31), which has lead to some
association members questioning the USTA's leadership. In
N.Y., Richard Sandomir reported the deficit is "largely
because of unforeseen expenses and setbacks in the
performance of its investments," and it has caused USTA
officials "to question how the association manages its
finances and investments." USTA Northeast section President
Robert Greene: "There isn't one person who has stood up and
said: 'I'm responsible. The buck stops here.' The staff is
now under serious scrutiny." USTA President Judy Levering:
"Let's not underplay this. We're looking at who's advising
us" (N.Y. TIMES, 4/21). In a front-page report, the
SPORTSBUSINESS JOURNAL's Daniel Kaplan writes that the USTA
"already projects" a $2.2M "shortfall" for 2000. Kaplan:
"The fact that an organization that earned a pretax profit
of $84.3 million from the Open last year, and already
estimates a $91.4 million bounty from this year's
tournament, lost so much money has left some of the group's
members furious" (SPORTSBUSINESS JOURNAL, 4/24 issue).