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Ackman-Backed Group Djokovic Founded Sues Tennis Tours Over Pay
(Bloomberg) -- Some top tennis professionals and a group co-founded by former No. 1 men’s singles player Novak Djokovic and hedge fund manager Bill Ackman are suing the sport’s governing bodies for allegedly running a cartel that caps prize money, limits off-court earnings and restricts competition from rival tournaments.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged Cities
(Bloomberg) -- Some top tennis professionals and a group co-founded by former No. 1 men’s singles player Novak Djokovic and hedge fund manager Bill Ackman are suing the sport’s governing bodies for allegedly running a cartel that caps prize money, limits off-court earnings and restricts competition from rival tournaments.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged Cities
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