"The PTPA launched an anti-trust lawsuit against the four grand slams, the ATP Tour, WTA Tour, and the International Tennis Federation last year, accusing them of collaborating to reduce prize money, impose a restrictive ranking system and repress player promotional opportunities, but Tennis Australia was dropped from the claim last month after reaching a settlement agreement with the players' union."
"In exchange for a release of liability for monetary damages, Tennis Australia agrees to provide damages class plaintiffs with materials, facts, and other information known to Tennis Australia relevant to plaintiffs' claims against the Tour defendants and Grand Slam defendants, including information regarding: financial books and records; tournament prize money; player name, image and likeness (NIL) rights and uses; player sponsorship and endorsement opportunities; tour scheduling requirements; player ranking po"
Tennis Australia reached a settlement with the Professional Tennis Players' Association that removed Tennis Australia from an antitrust lawsuit. Under the settlement, Tennis Australia agreed to cooperate with the PTPA and provide discovery materials and confidential financial information to damages class plaintiffs. The materials cover financial books and records, tournament prize money, player name/image/likeness (NIL) rights and uses, sponsorship and endorsement opportunities, tour scheduling requirements, and ranking-related information. The agreement releases Tennis Australia from monetary liability and potential damages that could reach tens of millions of pounds. The cooperation may accelerate plaintiffs' litigation against the remaining defendants.
Read at www.theguardian.com
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