President Trump signed the Miscellaneous Tariff Bill (MTB), which will lower existing tariffs on a wide variety of imported goods. The Sports & Fitness Industry Association (SFIA) led over 30 successful petitions on various industry products, which will now receive duty relief under the new, revised MTB.
The USTA Nominating Committee has put forth slate for the 2019-2020 term for the USTA Board of Directors. Patrick Galbraith of the USTA Pacific Northwest Section, the current USTA First Vice President, has been nominated to be the next USTA President. He would replace Katrina Adams, who becomes Immediate Past President.
More than 350 tennis leaders, industry executives and tennis providers came together on the first day of play at the US Open for the 11th annual Tennis Industry Association (TIA) Tennis Forum, held at the Grand Hyatt New York. The Tennis Forum included the latest news and research about the state of the tennis and sports industries, including the current challenges, potential opportunities, and collaborative ways to move the sport and industry forward.
Universal Tennis, the Company behind the global tennis rating system UTR Powered by Oracle, has announced a new strategic investment and partnership with TEAM8, a leading sports and entertainment company owned by Roger Federer, Tony Godsick, Ian McKinnon and Dirk Ziff. TEAM8, the creator and principal owner of the exciting new Laver Cup tennis competition, is joined by additional significant investors participating in this financing including Blue Ridge Capital’s founder John Griffin, and existing shareholders Mark Hurd, CEO of Oracle, and Mark Leschly, Chairman and CEO of Universal Tennis.
Get ready for the inaugural Racquet & Paddle Sports Conference, to be held Jan. 23-25 in Orlando, Fla., incorporating an expanded Tennis Owners & Managers Conference. The new racquet sports event will be co-located with the PGA Merchandise Show at the Orange County Convention Center and will include an Innovation & Tech Demo Event at the USTA National Campus in Lake Nona.
Chris Renner, the new CEO of World TeamTennis, is also the newest member of the TIA Board of Directors. Renner joined WTT in July, taking over from longtime CEO Ilana Kloss.
The Tennis Industry Association will present special sessions on commerce and retailing in conjunction with the 11th annual Tennis Forum, held in New York City next week. The sessions will be on Tuesday, Aug. 28, at the Grand Hyatt New York, starting at 9 a.m.
The total value of the U.S. tennis economy grew by just over 1% last year, crossing the $6 billion threshold for the first time. The data is from the Tennis Industry Association’s annual “Economic Index,” created to evaluate the total worth of the U.S. tennis industry to the overall economy. The 2017 index value measured 110, the highest since the Tennis Economic Index value was first released in 2008.
Do you have an innovative product or service for the tennis industry? Apply now for the fourth edition of the popular Tennis Industry Innovation Challenge, which will take place during the inaugural Racquet & Paddle Sports Conference, to be held Jan. 23-25 in Orlando, Fla.
The tennis industry will come together on Monday, Aug. 27, at the 11th annual Tennis Industry Association (TIA) Tennis Forum, which will be at the Grand Hyatt New York from 8 to 9:30 a.m. The Tennis Forum will include the latest news and research about the state of the tennis industry, business insights, updates on grow-the-game initiatives including the U.S. Tennis Association’s Net Generation, and recognition of the 2018 Tennis Industry Hall of Fame inductees.