Published January 08, 2015
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.
https://www.foxnews.com/sports/atp-president-says-body-owed-3-million-by-rio-state-government-does-not-expect-to-be-paid