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Currently the tennis federations (such as USTA and FFT) of the countries in which grandslams are held make a lot of money by virtue of that. At least part of that money goes towards player
development in those countries.
Asian Tennis Federation (ATF) has requested the ITF to start a fifth grand slam and make
money of it and use the money for player development in regions such as Asia, Africa and
South America. Although ITF is partly in charge of running the grand slam events, ITF
does not own any grand slam. If ITF owns a grand slam, they could make about 50 to
100 million bucks and that could possibly be used for player development in nations
that are not traditional powerhouses in tennis.
Read more about the request by ATF.
It does not appear that ITF is too keen to do it.
development in those countries.
Asian Tennis Federation (ATF) has requested the ITF to start a fifth grand slam and make
money of it and use the money for player development in regions such as Asia, Africa and
South America. Although ITF is partly in charge of running the grand slam events, ITF
does not own any grand slam. If ITF owns a grand slam, they could make about 50 to
100 million bucks and that could possibly be used for player development in nations
that are not traditional powerhouses in tennis.
Read more about the request by ATF.
It does not appear that ITF is too keen to do it.