Overview
- Documents show the players’ group has invited pitches from investment banks and advisers, with responses due by Feb. 6.
- The proposed Holdco would control commercial rights, broadcast, sponsorships and sport governance, according to reporting.
- The blueprint outlines a three-tier model led by a Pinnacle Tour limiting top players to 16 events and targeting a 50% first-year prize-money increase.
- Plans include equal pay for men and women by year three and minimum first-year compensation of $1 million for the top 100 players, rising over a decade.
- The funding and tour proposal advances alongside an antitrust suit against the ATP, WTA, ITF and integrity body, with the Australian Open removed after a settlement and Novak Djokovic having left the PTPA on Jan. 4 over governance concerns.