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46 Financial Updates
FROM THE ITTF
LEADERSHIP
PETRA SÖRLING
During the Summit, we also welcomed the newly the ITTF appointed a dedicated staff member to
ITTF President's
elected Athletes' Commission for their inaugural work on Sustainability.
meeting. Sharath Kamal Achanta and Liu Shiwen
were elected as co-Chairs as part of the ITTF's Great progress has been made to promote
drive for gender parity. Consequently, they inclusiveness within our sport, as the Executive
Foreword
became members of the ITTF Executive Board, Board took a momentous decision to adopt a
representing the athletes' voice at the highest comprehensive plan on Gender and Diversity.
level of the federation and doubling the number of
women board members. Furthermore, in an effort to broaden the voice of
our athletes, together with the Board we decided
to establish an Entourage Group with the goal of
E X PA N D IN G O U R P R ES E N C E W ITH IN TH E elevating standards for our players, enhancing
S P O RT M OV E M E N T engagement with all individuals associated with
We made significant strides in reconnecting them, and serving as a reliable point of contact and
table tennis more closely with the Olympic and advisory support.
Paralympic Movement. I attended the Olympic
Ever since I ran for the presidency of the ITTF, event provided a unique opportunity to meet with Games Beijing 2022, participated in the 46th In 2022, we achieved significant progress that
I made a promise to develop our sport with a players, their entourage, and officials, allowing us General Assembly of the Association of Summer will serve as a springboard for a more successful
relentless focus on the ITTF Family, Governance, to gain invaluable insights. Olympic International Federations (ASOIF), and future. We initiated the process of updating the
Growth, and Sustainability. After my election in joined the annual gathering of the Olympic and strategic plan, aiming to ensure a prosperous
November 2021, I wasted no time in kickstarting One of my key objectives during the first year of my International Sports Federations. Furthermore, future for table tennis and how we can best serve
the work to set the strategic course for table tennis presidency was to visit all our continents and their I actively participated in the International our Member Associations and support our athletes.
in the years to come. congresses, and as many Member Associations, Paralympic Committee (IPC) Extraordinary General The development of this plan is the result of
stakeholders, and event organisers as possible. Assembly and the ANOC General Assembly. thorough collaboration and dedicated efforts from
In January, I convened the entire ITTF leadership, all involved, and I extend my deepest appreciation
8 “ 9
including meetings with the Executive Committee, Our Secretary General moved back to Lausanne, to each and every one of you who played a role in
the Para Table Tennis Committee, the newly created where I regularly travelled to meet with our journey.
Continental Council, and the ITTF administration. representatives of the International Olympic
Together, we began implementing the programmes I WANTED TO LISTEN TO DIVERSE Committee (IOC), ASOIF, and other International Together, we have laid a solid foundation for the
ITTF Group
Despite all challenges faced, World Table Tennis diligently to develop our sport, with the aim of
– the commercial and events platform created by sustaining our growth strategy for table tennis.
the ITTF – successfully delivered every tier of its
Chief Executive “
pyramid of events across the continents.
Officer's
40% of the targeted activity, our commercial
revenues hit a record high in our 100-year history,
nearly doubling the previous record set in 2019
gratitude to the entire
when commercial rights were managed in-house table tennis community
“
and the ITTF Deputy President, Mr Liu Guoliang.
Since the onset of the COVID-19 pandemic in 2020, Th e P o s itiv e Im pact O f Ta b l e Te n n is In
our core business of organising events faced severe Th is N e w Wo r l d Lastly, a huge acknowledgment goes to the entire
disruptions, testing our resilience and adaptability
This edition will surely go
In 2022, many on-site programmes started to come Management Team at the ITTF Group for its trust
in unprecedented ways. back to life, reflecting the ITTF's active efforts and unwavering support during this challenging
down as one of the most to develop table tennis. Nearly 7,000 individuals period.
10 11
Although many parts of the world, especially our
key markets in Asia, continued to grapple with its unique events we have from 160 Member Associations participated
in 130 development activities and projects Let us hope that the worst is behind us, and we can
effects, there was an underlying sense in 2022 that witnessed. conducted at national, regional, and continental once again embrace a growth and development
we were nearing the end of this tumultuous period. levels. The year also marked the return of High mentality with optimism towards the future of our
Performance activities to all continents and saw sport.
On the other hand, this year will also be remembered Similarly, the ITTF World Para Table Tennis an unprecedented achievement with more female
as a year that witnessed the resurgence of war in Championships held in Granada, Spain, and the than male players represented in the sport. Table Tennis. For All. For Life.
Europe, further complicating our path to recovery. ITTF World Youth Championships in Tunis, Tunisia,
have set a new standard across the board. We demonstrated how sustainability is shaping the
Fortunately, the bold reforms undertaken by the future of the ITTF through the establishment of a ST E VE DAI NTON
ITTF, and the innovative business model of World Sustainability department. This landmark move C h ie f E x e c u tiv e O f f ice r, I T T F Group
Table Tennis began to reveal their true value. These T he I T T F Su mmi t: made the ITTF one of the few global international
strategic initiatives not only enabled us to weather A N ew P lat fo rm fo r Co lla b o rat i o n federations with a dedicated sustainability
the hardships but also raised our standards, even in The ITTF Summit, hosted in Amman, Jordan, portfolio, in alignment with the UN's 2030 Agenda
the face of challenging times. emerged as a pivotal moment of the year. While for Sustainable Development.
we learned valuable lessons about hosting our
Annual General Meeting outside of the World The ITTF Foundation continued its Dream Building
E ve nts For A ll P layers Championships, the Summit provided a wonderful Fund projects, with a specific focus on using table
In 2022, a remarkable achievement was witnessed forum for our stakeholders to congregate and tennis for peace-making and conflict resolutions.
as over 100 events took place, spanning the World discuss the future of table tennis for the first time Additionally, the Foundation paid tribute to
Championships, WTT Series, WTT Feeder Series, in several frustrating pandemic years, when we the 50th anniversary of Ping Pong Diplomacy,
WTT Youth Series, Para Table Tennis series, and were more often behind screens than meeting face showcasing the sport's immense potential for
Veterans events. The successful execution of such to face. fostering harmony and driving positive change.
a diverse range of events reflects our unwavering
commitment to providing playing opportunities to The Summit offered a medium for all Member
all players and marked a significant year-on-year Associations, as well as personnel from ITTF, World A Ta b l e Te n n is Fa m ily Wo r k in g in U n is o n
increase. Table Tennis, and ITTF Foundation, to interact Many challenges still lie ahead, but there is hope
through productive sessions. at the end of 2022 that we can continue our path
to making table tennis one of the top international
strategic plan
UPDATE
As the ITTF continued its progression towards The ITTF Strategic Plan 2018-2024 focused on O RGA N ISATIO N & GOVE R N A N C E in te r n atio n a l e ve n ts
achieving the 2018-2024 ITTF Strategic Plan, initial five strategic priority areas – Organisation &
steps were made in 2022 to consider the next stage Governance, High Performance & Development,
in the growth of the ITTF’s strategy. International Events, Promotion & Revenue. Across
these five areas there are a total of 55 objectives,
As reported in previous years, the ITTF has been with 30 key outcomes. 2018 - 2021 2018 - 2021
successful in delivering several key outcomes 2022 2022
already, while continuing to work towards As part of a review into the Strategic Plan, the
achieving further objectives to support the growth
of table tennis.
priority areas will be streamlined into three areas,
in line with the three brands that make up the ITTF
65% TOTA L 68% TOTAL
Group ecosystem. In addition, revised objectives
The introduction of the ITTF Foundation and World will be set, with new key outcomes as the world has
Table Tennis (WTT) marked significant milestones evolved over the past five years.
within the 2018-2024 ITTF Strategic Plan, focusing
on the growth and evolution of table tennis and There was an overall average of 59% (2021: 51%, H IGH p e r f o r m a n c e & d e ve l o p m e n t P RO M OTIO N
their vital support for the community. With both 2020: 46%, 2019: 38%, 2018: 25%) of progression
brands now firmly established, our next step is towards all objectives being achieved.
12 13
to further develop the strategy for the overall
expansion of table tennis. Equally important is 2018 - 2021
defining the role that the ITTF will play, working in 2018 - 2021
close collaboration with the ITTF Foundation and 2022
the WTT brand. 2022
1 3
Ten Member Associations medalling at Creating in-demand events that appeal to
World Youth Championships events by the host cities and countries and convert to
end of 2023. hosting fees when circumstances permit. R E VE N U E
There were 18 Member Associations medalling at the 2022 WTT has been successful in creating in-demand events,
World Youth Championships. which has resulted in hosting fees being established for a
number of events of different tiers.
4
2018 - 2021
2
Ensuring that the best players are Improve the quality of broadcast table tennis 2022
consistently playing in the most important content through higher quality cameras
events, which have a compelling structure in and broadcast production, complemented
which every game matters. by more statistics and innovation driven by 65% TOTA L
With the first WTT Grand Smash being held in 2022, it was working collaboratively with broadcasters.
evident that the world's best players were in attendance.
The enhancements made to TV Production have been
evident, with positive feedback received from TV Rights
holders, as well as fans.
ITTF WORLD
CHAMPIONSHIPS
E VE NTS ITTF World Tea m Cha m pion shi p s FI N A LS Chen g du 2 0 2 2 , P resen t ed by Chi n a T ele c o m
18 19
Championships were held safely in Granada, Spain of these championships, as organisers created a
bringing a record number of players to the event. single-use plastic-free environment, and obtain
the prestigious Green Sport Flag certification for
With 39 events on the schedule in different the event.
classifications, 326 players from 51 Member
Associations travelled to Spain, bringing new heights Thanks to the Royal Spanish Table Tennis
to the even that started in 1990. Federation for its commitment to a wonderful
event, which welcomed the President of the
South Korea topped the medal table in the south of International Paralympic Committee, Andrew
Spain repeating the feat the team achieved at the Parsons. Moreover, the Paris 2024 Olympic and
2018 edition in Laško, Slovenia. Paralympic Games Table Tennis Sport Manager also
attended the event to absorb as much knowledge
The venue in Granada featured eight tables and as possible for the next Paralympic Games.
a 30-metre-long screen on one side of the arena
upgrading the field of play and the sport presentation
considerably. For the first time, the ITTF used a live-
scoring system that brought results in real time
digitally on the federation’s website. In addition,
every single match was livestreamed on the ITTF
E VE NTS ITTF World Youth Cha m pio n shi p s T u n i s 2 0 2 2 E V E N TS ITTF Wo r l d Yo u th C h a m p io n s h i ps T uni s 2022
In total, 18 different Member Associations won Bringing this event to Tunisia shows the ITTF’s
medals at the World Youth Championships. China commitment to spreading table tennis to every corner
topped the medal table with five gold medals, of the globe. The Tunisian Table Tennis Federation
followed by Japan with two. ensured a high-quality event, and we thank them for
their efforts to grow the World Youth Championships.
China’s Lin Shidong was the most successful male
player with 4 Gold medals in U19 Teams, Singles,
Doubles and Mixed Doubles events, whereas China’s
Yan Yutong claimed 3 Gold medals in U15 Teams,
Singles and Girls’ Doubles. Also, Japan’s Miyuu
Kihara, had notable performances claiming gold
medals in U19 Singles and Girls’ Doubles events.
THE SPORT OF
TABLE TENNIS
THE SPORT OF table tennis
development
139ONLINE
HRS 55 70
Despite the challenges faced in the past two Mentorship programs gained momentum, with
years, the Development Plan for the 2021- approximately 240 applications received. Tunisia
2024 quadrennial was efficiently implemented, was recognised as the most active Member
with approximately 160 Member Associations Association in development efforts, benefitting
embracing various development programs in 2022.
Nearly 7,000 participants engaged in 130 on-site
from the newly introduced modular concept of the
Development Program, allowing Associations to set M EM BER AS S OCIATION n ation al
activities, including High Performance, Education,
and Olympic Solidarity courses, marking a
their priorities and pace of development. S ERVICES ACTIVITIES p roj ects
significant milestone of close to 180 total activities. We are grateful for the strong relationships we have
established with stakeholders and the valuable
The Participation Program achieved over 76% feedback received from Member Associations.
9 84
Member Association activation, emphasizing This feedback has been crucial in understanding
grassroots initiatives to reach the 80% goal in the unique needs of our community and crafting
the future. Funding facilitated around 70 national effective tools and incentives to promote the
projects, with the "My Gender. My Strength." global growth and popularity of table tennis. Our
project contributing to higher gender balance goal remains steadfast - to ensure the sustainable
awareness, where females accounted for 45% development of table tennis worldwide, catering hi gh perf ormance PLAY ERS SUPP ORT E D
24 25
of all participants. However, efforts continue to to players of all levels and backgrounds. As we
ensure gender balance across activities, aiming look ahead to 2023, we are excited to embark g l o ba l t r a i n i n g ca m p s T H RO U G H T H E W I T H T H E
for inclusivity within the International Table Tennis on a journey to achieve both quantitative and o rga n i s e d F U T U R E I N M I N D , YO U T H
Family. qualitative milestones, co-creating relevant and A N D PA R A G R A N TS
game-changing success stories together with our
In 2022, player development incentives expanded passionate table tennis family.
to include grants for para-athletes alongside youth
grants for able-bodied youth.
45%
Pa rt i c i pa n ts ta k i n g pa rt ac ro s s t h e
d ev el o p m en t p ro gr a m i n i t i at i v es we r e
Ov e r al l 158 Me mbe r Associations took part and/or FE M A LES
b e n e f i t t e d f ro m De velopment, H ig h Per for mance and
E d u cat i on i ni t i at i ves in 20 22, as follows:
I N T E R N AT I O N A L U M P I R E
75 1140
Capacit y Buildi ng a nd Pl aye r De ve l opm e nt
in it iat ives , a b l e - b odi e d a nd pa ra , w e re l au nc h e d CA N D I DAT ES R E GI ST E R E D
on Re g ion a l and C onti ne nta l l e ve l WI T H M O R E T HA N 8 0 0 AT T EN D I N G T HE P R E - E XAM
P R EPA R ATO RY C O U RS E
THE SPORT OF table tennis
high performance
In 2022, ITTF High Performance made a In preparation for the ITTF World Youth L o o k in g a h e a d to 2 02 3 , H igh P e r f o r m a n c e in itiativ es w il l b e r e d e f in e d :
remarkable comeback after the pandemic- Championships 2022 in Tunis, Tunisia, we launched
induced hiatus. The successful introduction of the "Road to Tunis" training camp series. While
1 4
the fast-paced WTT Youth Series has expanded pandemic challenges affected the first stop in To prioritize long-term support for young Creating guidelines to establish support
the competition landscape for young talents as Korea, the training hubs in Portugal and Tunisia players aged 13 to 15, with key training models for practice environments and
a strong motivating complement to the many were successful. The Chinese national youth team events at prime locations for intercontinental international training centres, with the aim
hours of training time needed to achieve success also joined the training activity in Tunis for their exchange. of launching an ITTF Academy in 2024.
at the international level. final preparation.
2 5
The newly formed ITTF Entourage Group, Aligning educational High Performance
ITTF Activities across the world welcomed back Throughout this journey, the focus has been
led by former Jean Michel Saive, is actively oriented support with the ITTF Development
123 players and 55 coaches from 38 Member on providing young talents with exceptional
addressing athlete health concerns, program, focusing on key markets and
Associations, and notably, female players (67) opportunities to thrive in table tennis and contribute
encompassing both mental and physical offering a rapid pathway to international
outnumbered male players (56) for the first time. to the sport's global growth. Through the "With the
well-being. progress for member associations.
Future in Mind" scholarship framework, 35 players
The journey began in March with a U15&U19 were supported, showcasing remarkable progress
3
training activity in Doha, Qatar. In April, the in their development journeys and significant
6
Enhanced individual scholarships with new Accelerating efforts to build a scouting
Hopes Squad was assembled in Linz, Austria, improvements in world rankings.
criteria will support 38 athletes across all five
26 27
followed by a U13/U15/U17 girls' training camp network for player development and youth
continents in the following focus groups: event hosting.
in Cuenca, Ecuador in August, and another Finally, digital innovations of the sport were also on
o Senior category for Paris 2024 support
U13/U15/U17 training opportunity in Darwin, the agenda - besides the established partnership
o Youth category targeting the Youth Olympic Games 2026
Australia in September. These activities were with Stupa Analytics, a special research training
7
o Collaborative efforts with the IOC Refugee team
thoughtfully connected to the WTT Youth Series, camp was held in collaboration with Spinsight o Support for table tennis in small countries through Planning to facilitate intercontinental
minimising additional travel for participants. focusing on ball effects, while Edge10 contributed Olympic Solidarity training and education connections, initially
to the World Hopes Week with the use of innovative targeting high-quality training options in
physical testing tools. China and Asia.
THE SPORT OF table tennis
Education
In 2022, match official education was a highlight, Examination experienced a successful return in
thanks to the close collaboration with the Umpires 2022. With 12 activities held across five continents,
and Referees Committee (URC) in organising global many candidates obtained or maintained their blue
activities to support umpires and referees' growth badge status, while a few achieved the prestigious
and advancement. golden badge. International Referee education
was equally significant, with two International
E-learning played a crucial role, allowing Referee schools organized in 2022, leading to the
stakeholders worldwide to access examinations emergence of 15 new International Referees from
and assessments. The second online International 12 Member Associations.
Umpire examination saw participation from around
1,000 candidates representing over 100 Member Furthermore, players and coaches benefitted
Associations, resulting in 379 new International from various educational opportunities in 2022.
Umpires from 72 Member Associations. The The two Anti-Doping sessions conducted by the
online preparatory course, available in 7 International Testing Agency during the ‘Road to
different languages, boasted an impressive 80% Tunis’ training camp series and the High-Level
participation rate, reflecting the strong desire for coaching course organized by the Swedish Table
thorough preparation and the wish to enhance Tennis Association, featuring 10 international
28 29
match official education to elevate officiating coaches selected by the ITTF, represented two
standards across all events. essential initiatives to support their development.
Innovation
As we continue to drive innovation at the forefront, introduced during Singapore Smash 2022. The aim
the ITTF is embarking on bold initiatives to expand is to be featured in the first-ever Olympic Esports
its influence within the highly competitive world Week in 2023, further solidifying our presence in
of sports. Commercial opportunities are of utmost the rapidly growing Esports segment. Through
importance as we seek to protect and explore new these initiatives, we are continuously striving to
avenues. push the boundaries of table tennis and establish
our sport as a pioneering force in the global sports
The ITTF World Masters Championships Rome landscape. Our commitment to innovation remains
2024 in Italy, will be a milestone event, presenting unwavering as we embrace new opportunities and
opportunities for the Masters category to come redefine the future of table tennis.
closer to regular ITTF/WTT governance and event
organisation. As we move forward, High Performance and
Development remains committed to driving the
Another aspect of innovation we are keenly focused growth and global establishment of table tennis as
on is venturing deeper into the world of Esports, a true sport for all, with a focus on nurturing talent
particularly in presenting Virtual Reality Table and spreading the joy of the game worldwide.
Tennis. This exciting initiative was successfully
Reconnecting With
The Membership
30 31
In 2020 and 2021, due to the COVID-19 pandemic It served as a forum for stakeholders to discuss The Summit also provided the ITTF with the opportunity to accelerate the launch of the first-ever extranet
restrictions and our primary focus on delivering the future of table tennis after the pandemic had for the membership. This prototype will serve as a bigger portal, providing information on various activities
events, the ITTF lacked opportunities for in-person disrupted face-to-face meetings for multiple years. managed by the ITTF and facilitating communication with all Member Associations.
meetings and crucial interactions with its Member The event welcomed a total of 211 participants
Associations. To address this, stakeholders from from the ITTF Executive Committee, ITTF Board of
across the entire table tennis community gathered Directors, ITTF Continental Council, ITTF Athletes Th e S u m m it r e ac h e d its c o n c lu s io n w ith th e A n n ua l Ge n e r a l M e e tin g, w he re s e ve ral
for the inaugural ITTF Summit from December 4th Commission, representatives from 89 Member c r itica l d e c is io n s w e r e m a d e .
to 6th, 2022, in Amman, Jordan. Associations, World Table Tennis, and the ITTF A m o n g th e m w e r e th e s e l e ctio n o f h o st c ities f o r u p c o m in g e ve n ts :
Foundation. Additionally, representatives from
1 3
The ITTF Summit provided a much-needed the sports movement and the business community
ITTF World Youth Championships 2023 ITTF World Masters Championships 2024
platform for the entire table tennis family to meet attended, highlighting the power of sport in
Nova Gorica, Slovenia Rome, Italy
and interact through productive sessions covering bringing people together.
various activities.
T h ro u g hout the m ultip le-day su mmi t, va ri o u s pa n els di scu ssed essen t i a l to p i c s , 2 ITTF World Youth Championships 2024
Helsingborg, Sweden 4 ITTF World Championships Finals 2025
Doha, Qatar
inc lu d in g :
2 5
wonderful hospitality and ensured that delegates World Team Table Tennis Championships. These
Becoming a Leading International Federation Events For All arrived with ease. future events promise to further strengthen the
bonds within the table tennis community and drive
The positive outcomes of this Summit will continue the sport to greater heights.
3 6
to benefit the sport in the years to come.
The Sport of Table Tennis in 50 Years Home of Table Tennis
ITTF ACROSS
THE GLOBE
ITTF
ACROSS THE GLOBE
LAUSANNE
44
STAFF
23
34 COUNTRIES 35
2OFFICES
Singapore
36 37
At the ITTF, our success is driven by
the dedication and passion of our people.
This segment highlights the initiatives, achievements, and milestones we reached in 2022 to foster a thriving and
inclusive workplace culture that empowers our employees to excel and deliver exceptional results.
40
ITTF 41
FOUNDATION
Despite some challenges posed by the ongoing Further initiatives under TT4All included a World Alzheimer’s Table Tennis Championships with neurodegenerative conditions in order to
pandemic in 2022, the ITTF Foundation firmly cooperation with the GIZ (Deutsche Gesellschaft and the World Table Tennis For Health Congress. improve treatment results and provide enjoyment
focused on the future with the release of its für Internationale Zusammenarbeit – German The inaugural Festival was awarded to Crete, throughout it.
Strategic Plan 2022-25, outlining its aim to increase International Development Cooperation) to Greece, while the 2024 edition will be hosted by
the impact of our work in areas such as gender enhance the use of Table Tennis for Development Hennebont, France. In 2022, the Dream Building program had 17 projects
equality, social inclusion, and sustainability, while (TT4D) in Kosovo, Iran, and Uganda through in action. The ITTF Foundation also kept working
staying true to its vision of using table tennis as a capacity building workshops focusing on knowledge Under TT4Health, the ITTF Foundations strives to together and supporting the first batch of Dream
medium to create sustainable social change. sharing and enhancing the access to resources for raise awareness and education, promote community Building alumni who gained from the program
individuals and practitioners, and the development engagement, support research and innovation and from 2019. GSD - the Foundation for Global Sports
Under the TT4All programme, World Table Tennis of a TT4D Handbook, supporting TT4D practitioners form partnerships and collaborations with like- Development backed all Dream Building Fund
Day focused on Ping Pong Diplomacy and the power in fostering positive social change in alignment minded organisations. The Festival combines all of projects to make them more impactful.
of table tennis to build bridges, create friendships, with the United Nations Sustainable development these elements, but is by far not the only initiative
and seek reconciliation on both state and grassroot Goals (UN SDGs). in that area. In 2022, we collaborated on the SPIRIT The ITTF Foundation will build upon the momentum
level. Under the banner of #PeaceOnTheTable, (Sport and Psycho-Social Initiative for Inclusive of the year 2022 and continue to grow and evolve
314 events in 107 territories took place, including TT4Health was writ large, with the World Training) project, which works towards making as an organisation, with a focus on strengthening
events created by 25 selected promoters across Parkinson’s Table Tennis Championships awarded sports clubs more accessible and welcoming to and optimising its existing four strategic priorities
the globe by the foundation. This was the last year the Sports Business Award as the Best Governing everyone, including refugees, by developing a Programmes, Organisation & Governance,
World Table Tennis Day was celebrated on 6 April. Body Initiative. On the back of this success, the framework for humane, inclusive, and empowering Promotion, and Income Generation & Strong
From 2023, it will be on 23 April, the birthdate of Foundation introduced the World Table Tennis For coaching that nurtures good health and wellbeing. Partnerships. We are grateful for your continued
Ivor Montagu, organiser of the first World Table Health Festival, to be staged for the first time in We entered into a collaborative partnership support and look forward to working together
Tennis Championships in 1926, and the founder and 2023, which includes besides the World Parkinson’s with Table Tennis Connections in support of towards a brighter future for all.
first president of the ITTF. Table Tennis Championships the newly established its Neuropong programme, tailored to people
WO R L D TABL E T E NNI S
WORLD
TABLE TENNIS
42 In 2022, World Table Tennis (WTT) achieved
remarkable progress in realizing its global vision
for the sport. Despite the ongoing impact of the
pandemic, WTT successfully showcased its new
European Summer Series 2022, hosting interest
rose and culminated in the selection of Macao,
China as the second Champions host of the year.
43
event structure, reaffirming the strength of its Doha, Qatar and Budapest, Hungary, welcomed
business model. Notably, in October, Liu Guoliang a mix of international stars, local heroes and
was appointed as Chair of the WTT Board. With rising talents to their WTT Star Contender events,
his unparalleled experience, he is poised to build while the WTT Contender events expanded to
on the initial successes of WTT and steer the eight throughout the year. With events held in
sport towards even greater heights. Qatar, Tunisia, Slovenia, Oman, Croatia, Peru
and Kazakhstan, they provided opportunities for
In its second operational year, WTT completed players around the globe to compete and progress
a full series of events, with at least one event through the WTT Series event pyramid.
across each tier of the WTT event pyramid
despite ongoing pandemic restrictions placed on In its second year, the WTT Cup Finals welcomed
international events. the world’s top 16 men and women to Xinxiang,
China following a successful ITTF World Team
Championships Finals 2022 held in Chengdu, China.
W T T S E RIES
The first major event of 2022 was also the most Across the WTT Series, 14 events were held in
anticipated – the first ever WTT Grand Smash held 4 continents and over 600 players representing
in Singapore, serving up a record prize money of 73 Member Associations competed in over 2700
US$2,000,000. Held under the lingering spectre WTT Series matches, with players from 7 Member
of the global pandemic, the pinnacle event of the Associations winning titles.
WTT event structure welcomed over 12,000 fans
throughout the two-week table tennis festival.
With the success of the first ever WTT Champions
event in Budapest, Hungary during the WTT
WO R LS TABL E T E NNI S
PA RTN E RS H IP S
The broadcasting of WTT events was enhanced WTT saw significant growth in partnerships as
with innovations and technology. At the Singapore events became more accessible post-pandemic.
Smash, PTZ remote cameras provided a broader Several new brands joined as partners, and
view of the event, wireless RF Handheld cameras the total broadcast media value of WTT events
improved coverage, and additional cameras offered exceeded $2.7 billion. Shuijingfang and Ganten
better angles and replays. AI stats were tested became Global Premier Partners, supporting WTT
for potential sponsorship opportunities and fan Series and Championships. WTT also welcomed
engagement, while Dolby Atmos sound technology renowned brands like Agricultural Bank of China,
and VR experiences were also explored to enhance China Gold, Bank of China, and Corpay, highlighting
viewer experiences. the sport's growth and recognition. The Singapore
Smash attracted both returning and new partners,
Meanwhile, WTT made significant strides in its further promoting table tennis globally.
social media and digital platforms to entertain,
educate, and engage table tennis fans globally. Additionally, WTT launched an open Request for
WTT's content strategy adapted to social media Proposal to ensure transparency in table tennis
trends and formed partnerships with platforms equipment partnerships, after which Double
like Meta, YouTube, and TikTok. WTT's Chinese Happiness, Double Fish, and Enlio remained vital
social media channels experienced remarkable global partners, along with 729 (supporting Youth
growth, with the Singapore Smash contributing and Para), Tibhar, and Butterfly. These partnerships
significantly to the success. The content from this not only support table tennis financially but also
event on WTT's Weibo account received 416 million offer valuable products and services, prioritizing
views and over 3.65 million engagements. athletes' needs as WTT remains committed to
athletes' welfare.
The WTT website achieved over one million users,
44 45
demonstrating its success in engaging fans, players, The accomplishments of 2022 laid a strong
and the media. The website's popularity spread foundation for WTT’s future success. The market
across different countries, with China, Germany, now possesses a deeper understanding of and
and Chinese Taipei being the top user countries. familiarity with the WTT product, representing
The mobile app and WeChat Mini Program were significant progress. Despite the challenges
W T T F E EDER SERIES & WTT YOUTH SERI ES events were well-received, providing organizers also successful in improving fan engagement, faced, WTT not only survived but also thrived. As
The WTT Feeder Series plays a critical role in the with more hosting options. More than 2,500 providing news, rankings, player profiles, and the organization enters 2023, it looks forward to
WTT playing structure, providing opportunities for young players from 105 ITTF Member Associations event schedules. capitalizing on more events and opportunities to
promising youth players to develop their skills and participated in the WTT Youth Series, where over further expand and strengthen the WTT brand.
compete globally before entering the top tier of 300 titles were awarded in various age categories
the sport. It also acts as a safety net for players and events.
returning from injury or career breaks.
Chinese Taipei was the most successful Member
In 2022, the WTT Feeder Series officially launched, Association, securing 40 titles in singles events
hosting a total of 11 events with 782 players from throughout the year. The WTT Feeder Series and
76 Member Associations from all continents WTT Youth Series have proven to be essential
competing in 2,311 matches. Germany and the USA components of the global table tennis landscape,
were the most active hosts, each organizing three fostering developing talents and providing a
events. platform for players to shine on the world stage.
FINANCES FINANCIAL
With the easing of the COVID-19 pandemic, the ITTF
witnessed sustained growth in which a greater number
of events took place throughout the year compared to
The fourth quarter of 2022 was a momentous period
for World Table Tennis (“WTT”) as it entered into a
historic partnership with an external investor, its first
HIGHLIGHTS
US$36.8M
the prior year. In 2022, the ITTF achieved a revenue of equity partner with a minority stake of 15% in the
US$36.8M, displaying a significant growth rate of 82% company. This collaboration exemplifies one of the
in comparison to the revenue of US$20.2M recorded key advantages of the new structure, which allows
in FY2021. external partners to contribute significantly to the REVENUE - 82% increase from PRIOR YEAR
development and expansion of WTT, as well as the
The majority of the revenue was generated through broader table tennis ecosystem.
US$39.8M
commercial channels, primarily under World Table
Tennis (WTT). With more events taking place, this Based on the provided figures, the net results for the
provided the opportunity for greater revenues in period amounted to a deficit of US$2.9M, which is an
event related incomes. improvement compared to the deficit of US$3.9M in invested to grow the sport of table tennis
2021. It is worth noting that the introduction of World
>US$10.1m
The events held in 2022 resulted in a revenue of Table Tennis was expected to incur significant losses in
US$26.4M from Commercial Rights, compared to its early years, as approved by the ITTF AGM. Looking
US$10.3M in 2021. This revenue includes income from ahead, depending on the performance of WTT in the
various sources such as partnerships rights, media coming years, it is likely that these losses will need
rights, event hosting rights, and data and streaming to be offset by external investments to stabilize the OLYMPIC RESERVE
rights. However, it is worth noting that the contracted overall financial position. This indicates a potential 2017 - 20
Commercial Rights income was not fully maximized need for additional financial support to ensure the 2017 - 20 8 2 ,24 6 , 1 6 2
2021 - 22
48 49
due to the impact of the COVID-19 pandemic, as the long-term stability and growth of WTT. 78 ,7 57,2 2 2 6 3 , 9 01 , 08 5
number of events delivered was lower than initially 2021 - 22
anticipated for the year. FO U R Y EA R OV ERV I EW 57,0 2 3 ,2 2 5
Traditionally, the ITTF has followed a four-year
2013 - 16 2013 - 16
In terms of expenses, there was a notable increase
from US$24.1M to US$39.8M in 2022, representing an
Olympic cycle, with a significant reliance on the
4 4 ,3 53 ,8 0 2 4 0 ,2 93 ,93 4
Olympic Games Revenue Share as its primary source
increment of US$15.7M. These expenses encompass of income. As of 2021, a new four-year Olympic cycle 2009 - 12 2009 - 12
various aspects including the implementation of has commenced, and there is an Olympic Reserve of 3 9,378 ,1 76 37,3 8 0 ,8 1 9
events, projects, governance and regulatory matters, over US$10.1 million yet to be released within the
as well as general and administrative expenses. remaining two years of the current four-year period.
Investments were also made to ensure top-tier This represents a potential inflow of funds that can
events, with enhanced experience for our fans, as well contribute to the ITTF's financial position during this
as record levels of prize money, resulted in Event and
Operating Expenses amounting to US$21.8M (2021:
cycle.
INCOME EXPENSES
US$10.3M). This increase in event expenses includes With the management of commercial rights being
costs associated with Prize Money, TV Production, handled in-house through WTT and with external
Event Presentations, and Event Operations expenses. investments, the ITTF anticipates a substantial
increase in Commercial Rights Income in the upcoming
c u rre nt asse ts c u rre nt l iabil ities
Apart from the aforementioned expenses, the ITTF years. Additionally, as more events begin to take 1 7, 207, 57 9 1 9 , 8 57,7 7 1
also incurs significant costs associated with day-to- place, the ITTF expects to witness continued growth
day operations. These include staff costs, professional in staffing and overall operations. This optimism paves
and consultancy fees, as well as other office and the way for the sport of table tennis to expand in the
administrative expenses. Furthermore, investments coming years, attracting a broader fan base, and
have been made in information and technology to ultimately contributing to the overall financial growth no n- c u rre nt l iabi li t i es
ensure the delivery of event related data globally. of the ITTF. 2,45 0 , 6 5 3
Despite these investments, the ITTF maintained
careful oversight of its day-to-day spending to achieve MI CHA EL B ROW N
a balanced overall expenditure. This approach ensures CHI EF FI N A N CI A L O FFI C E R
that financial resources are managed effectively eq u ity
and efficiently in alignment with the organization's fixe d asse ts 1 4 ,45 0 , 0 9 1
objectives. 19,550,936
F I NANC IA L UP DATES FIN A N CIA L STAT EMEN TS F IN A N C IA L U P DATES F IN A N C I Al stat e me nts
50 Current Liabilities
Trade and other payables
Lease liabilities
10
11
6,345,371
141,143
7,508,346
307,878
Total Capital Assets
(2,947,183)
(24,143,539)
(3,930,677)
51
Deferred revenues - Olympic funding 12 10,055,168 12,600,000
Contract liabilities 6 3,316,089 2,393,807 Attributable to:
Loans from third parties 13 - 2,860.965 International Table Tennis Federation (2,757,458) (3,930,677)
Non-controlling interest (189,725)
Total Current Liabilities 19,857,771 25,670,996 (2,947,183) (3,930,677)
Non-Current Liabilities
ITTF Museum Fund 9 2,000,000 2,000,000
Bank loans 450,653 548,161
Equity
Unrestricted funds 14 14,501,677 2,259,135
Non-controlling interest 14 (189,725) -
Currency translation adjustments 14 (89,274) (37,585)