Billionaire Ackman slams US Open ticket prices as absurd Sport Business Billionaire hedge fund investor Bill Ackman has slammed organisers for the US Open tennis Grand Slam organisers over the price of tickets. A day one ground pass will set fans back $363, or £268. This will not give fans access to the show courts, with tickets for those set at an even higher price. an [...]
Rolex sponsored Wimbledon stars made to pay for own watches Sport Business A Rolex sponsorship or ambassadorial contract is widely seen as a must-have endorsement by aspiring young tennis players, yet such deals can prove to be a mixed blessing. Such is the value and scarcity of the Swiss luxury watches that their endorsement department operates a strictly enforced tier system, with only their A-list clients such [...]
Arthur Ashe Stadium: World’s biggest tennis arena to get even bigger Sport Business The world’s biggest tennis arena, Arthur Ashe Stadium, is set for a major upgrade as part of an $800m (£600m) redevelopment of US Open venue Flushing Meadows. A $250m (£185m) state-of-the-art player performance centre to be named after pioneer Billie Jean King is the other main aspect of the project, which is due for completion [...]