April 14, 2024

Open Court

MORE TENNIS THAN YOU'LL EVER NEED

USTA, USTABJKNTC post $23 million loss

USTA

Sports Business Journal reports that per recent tax filings, the USTA and the USTA National Tennis Center posted a $23 million loss in 2016.

The previous year, that number was $19.8 million to the good.

Half that gap was due to depreciation and amortization hikes related to the major renovation project.

Compensation was up $4 million, travel costs up 54 per cent and “tennis event production” expenses (Fed/Davis Cup) up 25 per cent. 

Revenue was down slightly, from $265 to $260 million.

But no tag sale is necessary; net assets for the USTA and the NTC check in at $355 million.

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