The Japanese Tennis Association recently said that they would be in financial trouble due to the cancellation of domestic and foreign competitions caused by the outbreak of the new Crown pneumonia epidemic.
Xinhua News Agency, Tokyo, May 13 (Reporter Prince Jiang) the Japanese Tennis Association said a few days ago that they would be in financial trouble due to the cancellation of domestic and foreign competitions caused by the outbreak of the new Crown pneumonia epidemic.
ATP and WTA, representing the men’s and women’s professional tennis tour, announced last month that all tours would be suspended until July 13, 202020. However, because the global epidemic situation is still grim, the Japan Internet Association believes that the Japanese Open held in autumn is difficult to hold, and this competition accounts for more than half of its annual income. If the competition is canceled, the fiscal revenue will shrink greatly, it may affect the training of young players and all the promotion work of Tennis Association.
The NHK reported that the senior executives of the Japan Internet Association held an online meeting recently to discuss the measures that the Internet Association should take if the competition could not be held. At the meeting, the vice chairman of the association in charge of the Japan Open, Yasuhiro Kawa, said that considering the safety of athletes, tourists and relevant parties, it is very difficult to hold international competitions this year.
The Finance Committee of the association also held consultations with banks, hoping to seek emergency loans to ease the financial crisis, but was told that it was difficult to obtain loans at this time.
After the meeting, Takahashi Fu, executive director of the Japan Tennis Association, said that the association was considering taking some internal measures to deal with the difficulties, such as cutting executive pay, reduce the use of facilities to save rent and make donations from all directors.
Takahashi said: “We are considering the worst situation. Whether we can tide over the difficulties depends on the measures we will take in the future.”
The Internet Association is not the only Japanese sports association that has suffered financial crisis. The Japanese Triathlon Association revealed that if the competition cannot be held, the income this year will drop by 25% to 50%. The Association is in a simulation test, in order to operate without sacrificing the interests of players.