MEDIA CREDITS: Urs Flueeler/AP – _David-Haggerty
The International Tennis Federation is putting about half of its staff on furlough and cutting other employees’ salaries because of the coronavirus pandemic.
The move includes a 30 per cent pay drop in 2020 for ITF President David Haggerty and reductions of 10 or 20 per cent for others.
Haggerty wrote in an email to the AP on Thursday that the ITF’s finance committee and board "looked at all areas where we felt we could make savings in the short term to be prepared for the return to tennis."
Haggerty also said that the group’s reserve funds are available to help individual countries’ tennis federations be prepared for tournaments and grassroots efforts once it’s deemed safe to return to competition.
The ITF oversees the Fed Cup and Davis Cup, along with hundreds of lower-tier tournaments around the world.
The Fed Cup finals this month have been postponed; the Davis Cup finals are scheduled for late November. All tournaments are on hold until at least mid-July.
Haggerty wrote to the AP: "In these unprecedented times, it is hard to predict when we will return to tennis."
Thu, 09 Apr 2020 14:30:16 EDT