HOW much does it cost to host an International Tennis Event in Malaysia? Below are some of the breakdown, I was shocked when I saw the proposal and KPI's report submitted to the relevant agency. Some excellent figures have been given in the report, nevertheless take your time to read and make your own conclusion. Have a great weekend.
REPORT TO KEMENTERIAN BELIA DAN SUKAN
ON DEVELOPING KPI'S / KPTS
FOR xxxxxx Sdn Bhd on a Tennis Tournament.
Financial Impact - Hosting Expenses (Outgoing) RM 25, 650,000 (USD 7,126,000)
* Prize Money - USD 925,0000
* Rights & Licence Fee - USD 1,500,000
* Levy and Officiating - USD 290,000
* Event Cost (Inc TV) - USD 2,000,000
INCOMING - RM 26,000,000 (USD 7,222,222)
Government - RM 16 Million
Sponsors Obtained by Sdn Bhd - RM 10 Million
Mitigating Risk Factors : Participation of Tennis Players :
Liability Insurance - USD 5 Million
Appearance fees (Subject to 25 % to 30 % increase depending upon who the players are) -
USD 2.5 Million
Event Frequency - Every September from 2008 - 2011
Local Sports Development - Tournaments to be held in Selangor, Johor, Penang, Kedah , KL
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