The Daniel Andrews government forgave a $43 million loan to Tennis Australia extended in the depths of the COVID-19 pandemic, helping the sporting body post a record $62 million surplus in 2023.
After more than $100 million in combined losses in 2020 and 2021, and a modest $4.4 million profit in 2022, Tennis Australia, chaired by Virgin Australia chief executive Jane Hrdlicka, reported its best-ever result – a $19 million operating surplus.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
