MELBOURNE: Tennis Australia has reportedly launched a secret A$1 billion ($760 million) bid made to the Victoria state government seeking controlling rights of the venue of the first Grand Slam of of year.
According to a report in the Herald Sun on Monday, the bid includes management of Rod Laver Arena, HiSense Arena, Margaret Court Arena and the surrounding precinct on a 21-year lease.
Tennis Australia told news.com.au it had confidence to do full justice to the cause after many years of successfully organizing the Australian Open.