0708 - Australian Sports Commission

We won a third consecutive gold award for our
Annual Report and tennis was named the number
one sport of interest by Sweeney Sports research.
Economic climate
TA reserves were aff ected by the global economic downturn and, as market conditions
became increasingly diff icult, led to an adverse aff ect on our business and overall Company
performance. While handsome returns were made from investments in managed funds in
2005–2006, these investments performed poorly in 2007–2008, as they did worldwide.
The negative outcome of these investments has been a key contributor to the overall
performance of the Company for 2007–2008. p15
Highlights
One of the highlights of the past year was delivering the greatest AO ever, with recordbreaking
achievements across attendance, TV viewing and website visits. We won a third
consecutive gold award for our Annual Report and tennis was named the number one sport
of interest by Sweeney Sports research. We now have a better tournament and competitions
calendar, a stronger and far-reaching high performance program and four world class events
held in some of the best sports facilities in Australia. The progress we have made allows our
sport to move forward with confidence. TA’s number one priority is to continue the growth
of our business so that we can sustain investment back into the game and achieve the result
of excellence we strive for.
We are unwavering in our commitment to deliver
the programs, the procedures and the policies that
will achieve the results of excellence we strive for.
Kia Motors Corporation re-signed as Major Sponsor of the AO until 2013.
The winning 2007 Optus Australian Junior Davis Cup
team (l to r:) Mark Verryth, Bernard Tomic, Alex Sanders
and Peter Tramacchi (team captain).
World class team
In closing, I would like to thank everyone at
TA who has helped build a world class team
and contributed to our phenomenal growth.
To TA President, Geoff Pollard, the Board of
Directors, MAs, stakeholders, volunteers and
the TA team – congratulations on a stunning
12 months. We now have a truly integrated
business, which is the AO event and Tennis
– the sport – linked together and driving us
towards becoming the greatest tennis nation
on the planet.
Steve Wood
CHIEF EXECUTIVE OFFICER
Chief Executive Off icer’s report continued
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