Covid-19/Tennis: an extra £20m in support from the Lawn Tennis Association (GBR)

"Due to the impact of the ongoing Coronavirus (Covid-19) crisis, the LTA will make additional support available to tennis venues, coaches, officials and players to the value of up to approximately £20m (€22.7m), with the goal of ensuring that tennis in Britain emerges from this period in as strong and healthy a position as possible," announced the Lawn Tennis Association on 03/04/2020.

"The LTA is committing to make significant savings to help fund the new package, as well as reallocating some funds from its reserves. The organisation has also announced furloughing measures to its workforce whilst the current rules around social distancing and venue closures make it increasingly difficult for the LTA to deliver normal levels of activity, with any staff furloughed receiving a top up of the Government scheme to 80% of their base salary. Alongside this, LTA Chief Executive Scott Lloyd and the Executive Team will be taking a 20% reduction in salary," explained the British governing body.

"In return for some of the financial support grants and loans being provided (see below), coaches…