TenisBrasil Launches Crowdfunding Initiative to Help Struggling Tennis Professionals

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TenisBrasil Launches Crowdfunding Initiative to Help Struggling Tennis Professionals

With so many tennis professionals and others involved in the tennis industry being affected by the complete tennis shutdown due to the global coronavirus pandemic, a leading tennis website in Brazil has launched a unique initiative to help some players who are struggling financially in the current global crisis.

TenisBrasil says it will launch a' crowdfunding ' project, in which individuals or companies can make donations to a group of selected professionals associated with the sport of tennis who are currently in a difficult situation.

In the first phase of the project, TenisBrasil wants to select a group of 25 people, who play a role within the tennis industry and who depend exclusively on it to survive, without having any other backup. How the scheme would work - The group will be selected by TenisBrasil based on the forms completed and sent by the professionals who wish to participate in this initiative - There is no cost for the selected group - Of the total collected, 89% will be distributed in equal instalments to all participants in the group.

The remaining 11% will cover crowdfunding technical and accounting expenses - Each participant approved to participate in the group must sign a simple contract - The amount to be transferred to each participant will be made directly in the holder's bank account or indicated by him in the contract.

The site also adds that donors will receive a 'benefit', that is, a gift in thanks for their action, which could be 'tennis classes' from the professional players as a reward or some other gifts from the private sector.