NFL owners increase debt limit to $250M Stadium’s design douses flame NFL to allow trust ownership of teams PBR positions Vegas event as a ‘major’ MASN case returns to the courtroom New NYRR chief puts focus on running RTA gets access to NASCAR data NFL owners to meet amid inquiry flurry Haworth: WME-IMG will help PBR to next level For Wittenberg, a startup with brand power
Upcoming Conferences and Events
SBJ/Nov. 25-Dec. 1, 2013/Leagues and Governing Bodies
Contrast in revenue for tennis tours
Published November 25, 2013, Page 3
At the men’s tour, revenue jumped 12 percent to $91 million, leading to a nearly $16 million surplus for the organization. Meanwhile, the WTA’s revenue inched ahead by about $100,000, to $61.4 million, with the WTA’s year-end surplus shrinking by 16 percent, to $3.6 million.
Sponsorship revenue at the WTA dipped to $22 million from $26.4 million, according to its return. The tour avoided an overall revenue decline with increases in fees assessed on tournaments and players, and a $2.4 million jump in TV rights to $15 million.
The tours principally take in money from sponsorships, assessments on players and events, and their respective year-end championships. The tax-return figures do not reflect revenue from tournaments.
The annual filings also outline executive compensation for the groups.
Drewett’s predecessor, Adam Helfant, continued to earn pay from the ATP in 2012. Helfant served three years as executive chairman but left at the end of 2011 after the ATP board declined
An ATP spokesman wrote, “That payment relates to the previous year in 2011.”
Helfant had a contract that paid him large commissions on sponsorships, a structure the tour board did not want to repeat with him and which led to his departure. It’s unclear if the 2012 compensation is commission or something else. Deferred pay is usually noted on tax returns, and it is not uncommon to see former executives listed on tax return compensation tables. Helfant’s number on the ATP return, however, is not designated as deferred pay.
The ATP spokesman did not offer further comment on the compensation or answer when asked if Helfant is also getting paid in 2013.
The U.S. Tennis Association, which owns and operates the U.S. Open, reported $25 million of surplus in 2012, while the National Tennis Center, which files separately, reported a $1.7 million loss. USTA Executive Director Gordon Smith earned $1.27 million, according to the governing body’s return. The next-highest-paid executive was Patrick McEnroe, who earned $875,000 as general manager of the USTA’s player development program. His pay is listed in the tax return for USTA Player Development Inc.
The WTA’s tax documents also show that it paid the ATP $1.06 million in 2012.
“The WTA pays the ATP via a Shared Services agreement across all of our IT and Live Scoring needs,” said WTA Treasurer Matthew Cenedella via email. “Basically, think of this as the infrastructure costs behind our product.”
That payment placed the ATP at No. 2 on the WTA’s list of outside contractors, in 2012, behind IMG, which the women’s tour paid $1.7 million in sponsorship commissions. The WTA’s 2011 return does not show a payment to the ATP.