Additional funds will originate from WTA Ventures, which will centralize WTA industrial rights and properties and bring a “gradual influx of funds” for the National Bank Open, Tennis Canada said in a release.
The nationwide sport organization said it prepares to utilize those funds, in addition to ongoing assistance from its title sponsor, to “significantly reduce” the reward money space in between males and females.
The WTA notes a US$2.788-million handbag for the Aug. 7-13 occasion in Montreal. The ATP occasion in Toronto has a handbag of $7.623 million.
Tennis Canada jobs WTA reward money to increase from about 32 percent of the ATP reward money to almost 60 percent by 2025, 78 percent in 2026, and 100 percent by 2027.
“Today is a special day to be a Canadian tennis player,” said Vancouver’s Rebecca Marino. “I’m so proud of the work Tennis Canada and National Bank have put into paving the pathway to equal prize money.
“The announcement of parity by 2027 is a huge step forward for women in Canada and I hope this can lay the foundation for more progress and an even brighter future for the girls who enter our sport.”
The ATP revealed in 2015 that a number of competitions, consisting of the National Bank Open, would broaden to 12-day primary draw occasions and adopt a structure better to the one utilized at Grand Slams.
In addition to the Canadian competition, the WTA likewise prepares to adopt the prolonged format at occasions in Rome and Cincinnati. Fields will increase to 96 gamers from the present 56.
In Olympic years, the National Bank Open, like the Cincinnati occasion (in mid-August), will go back to a 7- or eight-day competitors due to the more compact schedule. Paris will host the 2024 Summer Olympics.
Tennis Canada and the trips chose to carry out the brand-new structure beginning in 2025, the federation said, to guarantee 3 successive years under the brand-new format prior to the 2028 Summer Olympics in Los Angeles.
This report by The Canadian Press was very first released June 27, 2023.
The Canadian Press
