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Australian Open suffers massive financial loss for running the tournament amid pandemic

Was it worth it? Definitely! Was it expensive? Very! The 2021 Australian Open is coming to a close and we can say that overall the tournament was a success, but it was far from a smooth ride and organizing such a big sporting event amid the COVID-19 pandemic came at a hefty price.

Tournament director Craig Tiley said that those five days without fans on site and all the coronavirus-related protocols, especially the “hard quarantine”, have cost the Australian Open immense amounts of money. In particular, it is expected that the Grand Slam will record a loss of more than $78 million (AU$100 million).