ATP president says body owed $3 million by Rio state government; does not expect to be paid
RIO DE JANEIRO – President Chris Kermode says the ATP is owed $3 million by Rio de Janeiro's state government — and doesn't expect to get paid.
Kermode said Friday the state government and the tour agreed to end a contract that allowed the 2016 Olympic host city to promote itself at ATP events.
The conflict with the ATP and Rio's state government is the latest is a string of cancelations of sports-related events. The Soccerex football conference was called off last year in a funding dispute. In January, the 2014 Laureus World Sports Awards — set for Rio — were called off.
Brazilian officials are under pressure to stop funding sports events. Brazil will spend about $14 billion on this year's World Cup, and a similar amount on the 2016 Rio Olympics.