Player agitation sees prizemoney hike for Australian Open
BY: COURTNEY WALSH From: The Australian October 02, 2012
AUSTRALIAN Open officials have responded to threats of a boycott of next year's event by raising prizemoney to $30 million.
The $4 million hike comes after an escalation of tension about priizemoney at last month's US Open.
The ATP Players Council, headed by Roger Federer, raised concerns about funding levels for players ranked on the fringe of the top 100 and below.
Local officials, headed by Tennis Australia chief executive Steve Wood and Australian Open tournament director Craig Tiley, networked with players and representatives of the other three majors to work on a solution.
Wood said the increase, which makes the Australian Open the richest ever tennis tournament, will hurt its business interests elsewhere. Funding will be stripped from areas of Tennis Australia.