From 2016 to 2019, revenues of the Italian Tennis Federation (FIT) increased significantly. In 2016, revenues of FIT amounted to roughly 50.8 million euros. This figure rose to 63.8 million euros in 2019. According to the federation's budget report for 2020, published before the coronavirus (COVID-19) pandemic, the FIT had estimated revenues for about 65.9 million euros in 2020. When breaking down the revenues of the Italian Tennis Federation by source, it is clear that international events represented the main source of income for the FIT.
Operating costs of the Italian Tennis Federation
As the federation’s revenues increased, so did its operating costs from 2016 to 2019. As of 2019, FIT's operating costs amounted to over 63 million euros. The highest costs related to international events, as provisional data show that the FIT spent over 32 million euros in 2019.
Internazionali BNL d’Italia
Held annually in the suggestive location of the Foro Italico - a sport complex built in Rome during the first decades of the 1930s and inspired by the ancient Roman forums - the Internazionali BNL d’Italia is the most important international event organized by the FIT. In 2019, more than 223 thousand people attended this renowned tournament and the ticket sales revenue of the event amounted to roughly 13 million euros.
Revenues of the Italian Tennis Federation from 2016 to 2020
(in euros)
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Revenues in euros
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Federazione Italiana Tennis. (January 29, 2020). Revenues of the Italian Tennis Federation from 2016 to 2020 (in euros) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1109706/revenues-of-the-italian-tennis-federation/
Federazione Italiana Tennis. "Revenues of the Italian Tennis Federation from 2016 to 2020 (in euros)." Chart. January 29, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1109706/revenues-of-the-italian-tennis-federation/
Federazione Italiana Tennis. (2020). Revenues of the Italian Tennis Federation from 2016 to 2020 (in euros). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1109706/revenues-of-the-italian-tennis-federation/
Federazione Italiana Tennis. "Revenues of The Italian Tennis Federation from 2016 to 2020 (in Euros)." Statista, Statista Inc., 29 Jan 2020, https://www.statista.com/statistics/1109706/revenues-of-the-italian-tennis-federation/
Federazione Italiana Tennis, Revenues of the Italian Tennis Federation from 2016 to 2020 (in euros) Statista, https://www.statista.com/statistics/1109706/revenues-of-the-italian-tennis-federation/ (last visited August 25, 2024)
Revenues of the Italian Tennis Federation from 2016 to 2020 (in euros) [Graph], Federazione Italiana Tennis, January 29, 2020. [Online]. Available: https://www.statista.com/statistics/1109706/revenues-of-the-italian-tennis-federation/