MOSCOW, Sep 13 The Women's Tennis Association (WTA) is eight figures in debt , in connection with which the organization is looking for new investors, The Telegraph reports. According to the publication, the organization (in particular, WTA President Steve Simon and three representatives of the board of directors) expects to conclude a sponsorship contract with the CVC investment fund. As previously reported by The Times newspaper, the company is ready to buy a 20% stake in WTA for $150 million. Before that, the CVC fund owned Formula 1 shares for 11 years. The company's condition for concluding a contract is equalizing the amount of prize money between the WTA and the Association of Tennis Professionals (ATP) in more tournaments. It is assumed that at the moment the ATP has a large amount of prize money due to better sales of TV broadcasts.
