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WTA Signs $149 Million Deal With Private Equity Firm!

TLTY SPORTS NEWS by TLTY SPORTS NEWS
March 10, 2023
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WTA has actually introduced a brand-new financial investment arrangement with CVC Capital Partners for $149 million CvC Capital is a private equity company that formerly possessed Formula 1 and also has actually likewise purchased rugby, cricket and also French and also Spanish football.

This is a tactical collaboration and also will certainly see CVC protect a 20% risk in the freshly developed WTA company entity The collaboration intends to create much better business development in females’s tennis and also elevate its account after a tough duration which saw the space with the guys’s Tour widening.

Along with missing out on celebrities like Serena Williams and also Maria Shatrapova, the WTA trip’s partnership with its previous major companion, China, ought to likewise be taken into consideration. Due obviously to Peng Shuai’s concern, following her accusations versus a Chinese authorities.

In a declaration, WTA claimed concerning the deal: “Beginning in 2023, CVC will be WTA’s business partner, investing capital and serving as a catalyst to drive the growth of the sport. Key focus areas include providing fans with greater access to the sport, invest behind the Tour’s brands, build player profiles and invest in digital platforms and commercial capabilities.

The WTA will continue to own the majority stake in the partnership and retain full sporting and regulatory responsibility for the Women’s Tour.”

Table of Contents

  • Iga Swiatek: “I know I did wrong at the Australian Open”
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Iga Swiatek: “I know I did wrong at the Australian Open”

The globe no. 1 Iga Swiatek, claimed in a current meeting: “I’m not really focused on defending titles.

I feel like every year is a different story. There’s no point in dwelling on last year’s tournaments and thinking it’s the same story. It’s not, a lot can happen in a year. I just want to start this tournament like any other player, because that’s the reality.

There are so many games to win and so many hurdles to overcome that I just want to focus on the next step. I needed a break. I know I did poorly at the Australian Open, during my entire stay in Australia. Last season was weird, it can get a little messy in your head, so what I want is to get down to earth and work.

I thought I’d achieve some continuity over the years, I didn’t expect it to happen already in 2022. The results achieved surprised me, but I continued to work hard without thinking about it. I don’t want to cancel what happened last year but start thinking about the future.

Pressure? There are times when you can definitely feel the pressure, thinking that every player wants to play her best tennis when she faces you.”



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