The International Tennis Federation (ITF) has published financial statements for 2022, from which it follows that the structure’s revenues suddenly soared by $12 million at once. They were received by the decision of the Court of Arbitration for Sport (CAS) as compensation for Hungary’s refusal to host the Billie Jean King Cup final in 2021. The CAS decision sets an interesting precedent, which is directly related to Russia, which, after the start of events in Ukraine, lost a number of tournaments, for example, the volleyball world championship. Yesterday, the All-Russian Volleyball Federation (VVF) announced that consideration of its lawsuit demanding compensation of $80 million in expenses for preparing for the championship will begin in the fall.
Cancellation fee // The ITF has set a precedent to claim compensation for canceling a competition
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