Women’s sports have received a lot of attention in the last decade due to several reasons. The pay disparity between men and women is one of them. People are aiming to uplift the women’s segment and make it just as lucrative as men’s sports. Among the many renowned personalities working towards this goal, Roger Federer is probably the most famous one. During the pandemic, Federer opined that the WTA and the ATP should join forces. His wish may come true, as the WTA boss Steve Simon recently said that there is room for such an event to take place.

Roger Federer’s dream coming true?

According to the Express UK, the WTA recently received a huge round of investment from CVC Capital Partners prior to International Women’s day. The company previously owned Formula One and has looked into investing a huge sum in the WTA. Thanks to this, WTA players can look forward to an increase in the prize money received from tournaments in the future.

However, this is not the only possible advantageous development after the move. The investment could also see the ATP and the WTA coming together as one organization. This move was something that Roger Federer had hoped for when the pandemic had the world by its neck. He laid his thoughts in a tweet that said, “Just wondering am I the only one thinking that now is the time for men’s and women’s tennis to be united and come together as one?”

Trending

Physically Absent at Madrid, Rafael Nadal’s Biggest Fan Ben Stiller Drops 1-Word Stirring Message as the Spaniard Rolls Back the Years

April 27, 2024 06:02 PM EDT

‘RIP’ – Heartbroken Brother of John McEnroe Mourns ESPN Legend’s Tragic Death Who Last Tweeted About Coco Gauff

April 21, 2024 02:43 PM EDT

Madrid Open: Rafael Nadal Loses Cool at Chair Umpire Fergus Murphy in Heated Scenes After Getting Robbed Off a Challenge

April 27, 2024 04:30 PM EDT

Where Is Venus and Serena Williams’ Father ‘King’ Richard Now? Everything to Know about His Whereabouts

April 25, 2024 11:01 AM EDT

‘Got Them a $92,000 Motor Home’- Venus and Serena Williams’ Childhood Coach Rick Macci Reveals Lavish Money Spent Based on ‘King’ Richard’s Confidence

February 14, 2023 09:40 PM EST

Get instantly notified of the hottest Tennis stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

Days After Welcome Speculation, Wimbledon Destroys Russian Tennis Players’ Hopes With a Harsh Statement

Additionally, the CVC was initially planning to invest in the ATP. But the Capital Partners changed their minds and decided to invest in the women’s part of the sport. WTA CEO, Steve Simon, said that the venture had given them a blessing to merge with the ATP in the future.

How does the WTA benefit from the huge investment?

The recent investment of the CVC in the WTA is nothing but good news. The firm invested a whopping sum of $150 million and announced their partnership with the organization. CVC has invested in several sports, such as Formula One, Moto GP, La Liga, IPL and more.

Watch this story – ‘I’m Hungry. I’m Tired. I’m Thirsty’- American Legend Serena Williams’ Relentless Pursuit To Replicate Roger Federer’s Feat Won Hearts in 2020

Immediately after the deal, the valuation of the WTA increased to $750 million. The WTA will have access to CVC’s 25 local offices across Europe, Asia, Oceania, and the Americas, their global network, as part of the agreement. The deal is definitely good news for members of the WTA as they will see an increase in prize money which will further help in reducing the pay disparity between men and women in tennis.