Tennis fans reacted to the announcements regarding the WTA's investment in the construction of the 2023 WTA Finals stadium in Cancun, Mexico.
Since this year's edition of the WTA Finals is set to begin on October 29, construction of a new stadium in Cancun is currently underway, with an estimated investment of around $6 million.
Tournament director Gustavo Santoscoy revealed that the stadium is designed to accommodate 4,000 spectators, with two alternate practice courts available within the hotel for the players.
He also disclosed that there would be a prize money pool of $9 million, with additional funds allocated for the construction costs of the new stadium, resulting in a total expenditure of approximately $15 million from the WTA's budget.
"It will be a stadium that can be assembled like in the past finals, it will be in the hotel zone on the land that the State government is providing us, at kilometer 15, in front of the hotels, it will be a main stadium for four thousand people and we have 2 alternate fields in the hotels where the players will be practicing," he said.
"There is a purse of nine million dollars, it is a considerable sum for a Finals tournament and the stadium investment is another 50 percent of that amount. So we are talking approximately 14 or 15 million dollars, which such an important event requires," he added.
Tennis fans took to social media to react to the WTA's announcements regarding its budget and expenses for the Finals:
"It is genuinely a staggering miracle the WTA still exists at all with such horrific business sense and money wasted. How does the WTA board keep getting away with this without ANY accountability? It’s an embarrassment," a fan commented.
It is genuinely a staggering miracle the WTA still exists at all with such horrific business sense and money wasted. How does the WTA board keep getting away with this without ANY accountability? It’s an embarrassment.
wait so they're spending 15 mil to build a temporary stadium for the Cancun finals, & the WTA will be paying it out of pocket according to those early reports?.....ok
“$6 million construction costs for one-time event. With 4k people capacity. Not even a multi year investment. If true, Feds should start investigating wta finances at this point because this sounds like a front for money laundering,”
$6 million construction costs for one-time event. With 4k people capacity. Not even a multi year investment. If true, Feds should start investigating wta finances at this point because this sounds like a front for money laundering 😭😭
wait so they're spending 15 mil to build a temporary stadium for the Cancun finals, & the WTA will be paying it out of pocket according to those early reports?.....ok
“Does the WTA have a Board their executive team has to answer to? Their business sense is staggeringly bad.”
Does the WTA have a Board their executive team has to answer to? Their business sense is staggeringly bad.
wait so they're spending 15 mil to build a temporary stadium for the Cancun finals, & the WTA will be paying it out of pocket according to those early reports?.....ok
$6 million construction costs for one-time event. With 4k people capacity. Not even a multi year investment. If true, Feds should start investigating wta finances at this point because this sounds like a front for money laundering 😭😭
wait so they're spending 15 mil to build a temporary stadium for the Cancun finals, & the WTA will be paying it out of pocket according to those early reports?.....ok
Fire everybody at the WTA I’m so serious
wait so they're spending 15 mil to build a temporary stadium for the Cancun finals, & the WTA will be paying it out of pocket according to those early reports?.....ok
There must be something we're missing from the WTA Finals decision, because the choice of the WTA paying for a one-off edition in Mexico when there were allegedly better options on the table makes no sense The other bids can't have been as good as claimed
Correction🚨: loads of articles & misquoting the figures. The 15 mil includes the 9 mil prize money so around 6 mil to build the stadium
So basically wta chose location for finals without venue, therefore they will have to spend millions to build TEMPORARY stadium. Also they're covering all expenses for this fancy outing in Cancun. This is the same wta that is in debt 🙃like someone make it make sense cuz wtf...
Correction🚨: loads of articles & misquoting the figures. The 15 mil includes the 9 mil prize money so around 6 mil to build the stadium
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They are so stupid like I am still shocked they didn’t bankrupted yet 😐
wait so they're spending 15 mil to build a temporary stadium for the Cancun finals, & the WTA will be paying it out of pocket according to those early reports?.....ok
WTA should rename to IJBOLTA, cause every decision they make is absolutely hilarious, cause it makes zero sense.
wait so they're spending 15 mil to build a temporary stadium for the Cancun finals, & the WTA will be paying it out of pocket according to those early reports?.....ok
