Tennis players end feud with Grand Slam

The world tennis stars have reached a truce with the Grand Slam tournaments after 18 months of pressure and demands for a larger share of the revenues and better social and retirement benefits. This came following the establishment of an official advisory council that includes players in decision-making processes. The players' demands focused on increasing their prize money share to 22% of the tournaments' revenues, compared to the current approximately 15%, as well as greater contributions to sponsorship and retirement programs. Collective efforts have led to an increase in the total prize pool to $415.6 million, with additional gains exceeding the previous growth rate. However, they are still pursuing their full goals and reserve the right to resume their campaign if the desired objectives are not met. The current phase now shifts to official negotiations between the players and the tournaments.

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