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Towards a sustainable financial model for professional tennis players

Author

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  • BALLIAUW, Matteo
  • VERLINDEN, Thomas
  • VAN DEN SPIEGEL, Tomas
  • VAN HECKE, Jani

Abstract

In professional tennis, the income is distributed very unequal among the different levels. This paper quantifies and analyses the prize money income and costs of professional tennis players from a sports economics viewpoint. The current prize money distribution is linked to the organisational structure of tennis. Because of high career investment costs, it is difficult for players with a ranking below 250 to cover their expenses. Interviews with all involved stakeholder groups were held to gain deeper insight in the current issues and to formulate possible solutions to come to a more acceptable and sustainable individual financial model of professional tennis. Less players should consider themselves professionals. The professional players should compete for increased and more horizontally distributed prize money. The other players may opt for a semi-professional status. In addition, the junior development track for promising talented players cannot be neglected, in order to guarantee the future development of the sport.

Suggested Citation

  • BALLIAUW, Matteo & VERLINDEN, Thomas & VAN DEN SPIEGEL, Tomas & VAN HECKE, Jani, 2017. "Towards a sustainable financial model for professional tennis players," Working Papers 2017006, University of Antwerp, Faculty of Business and Economics.
  • Handle: RePEc:ant:wpaper:2017006
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    File URL: https://repository.uantwerpen.be/docman/irua/83fd40/142911.pdf
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    References listed on IDEAS

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    1. Pedro Garcia-del-Barrio & Francesc Pujol, 2013. "Sport Talent, Media Value and Equal Prize Policies in Tennis," Faculty Working Papers 01/13, School of Economics and Business Administration, University of Navarra.
    2. Eric Barget, 2006. "The Economics of Tennis," Chapters,in: Handbook on the Economics of Sport, chapter 44 Edward Elgar Publishing.
    3. John Goddard & Peter J. Sloane, 2005. "Economics of sport," Chapters,in: Economics Uncut, chapter 12 Edward Elgar Publishing.
    4. Szymanski, Stefan & Valletti, Tommaso, 2004. "First and Second Prizes in Imperfectly Discriminating Contests," CEPR Discussion Papers 4484, C.E.P.R. Discussion Papers.
    5. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-858, December.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Tennis; Income inequality; Financial model; Organisational policy; Sports economics;

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