The WTA Board is likely to approve a $150 million investment offer from private equity group CVC Capital Partners, says the Times, in return giving it 20 percent of tour earnings.
The British newspaper said the move had been favorably received during a board meeting at Wimbledon, and now is on track to be approved at the US Open.
Though declining to comment on the story, the WTA has subsequently clarified that it is not considering providing an ownership stake in the tour.
"The WTA is a not-for-profit membership corporation and the addition of new member groups is not under consideration,," the WTA told SportsPro in a statement. “We have been in discussions with third parties, including CVC, regarding a potential investment opportunity in a new commercial venture.
“We have not yet made any decisions as to what we do or do not intend to do in this space.”
The WTA did not comment on the figures mentioned.