ATP president says body owed $3 million by Rio
ATP president says body owed $3 million by Rio state government; does not expect to be paid
Associated Press
2014-02-22 09:01 AM

RIO DE JANEIRO (AP) -- President Chris Kermode says the ATP is owed $3 million by Rio de Janeiro's state government-- and doesn't expect to get paid.

Kermode said Friday the state government and the tour agreed to end a contract that allowed the 2016 Olympic host city to promote itself at ATP events.

The conflict with the ATP and Rio's state government is the latest is a string of cancelations of sports-related events. The Soccerex football conference was called off last year in a funding dispute. In January, the 2014 Laureus World Sports Awards -- set for Rio -- were called off.

Brazilian officials are under pressure to stop funding sports events. Brazil will spend about $14 billion on this year's World Cup, and a similar amount on the 2016 Rio Olympics.

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