Global tennis sponsorship spending slows in 2008

Newswire

CHICAGO, Aug 29 (Reuters) - Global spending on tennis sponsorships in 2008 is expected to rise at a lower rate than the year before due to the sluggish economy and fallout in the financial services sector, a firm that tracks such spending said on Friday. Sponsorship spending on amateur and pro tennis tournaments, leagues and sanctioning bodies will total $573.5 million this year, up 8 percent from 2007, according to Chicago-based IEG, which is owned by advertising giant WPP Group Plc . ...

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