Tennis Billionaire Sells Mutua Madrid Open to Mega Management Company IMG

Published 12/06/2021, 11:10 AM EST

After the wrapping up of the 2021 season, the focus of the tennis world has shifted to 2022. Ahead of next season, there has been an interesting development at one of the most prestigious events of the tennis calender. Organizers of the Mutua Madrid Open have decided to sell the tournament to global management giants, IMG.

The Mutua Madrid Open tennis tournament has entered into an agreement to be acquired by global sports, events, and talent management company, IMG. Ion Tiriac, the Billionaire former owner of the tournament, made the decision to go ahead with this new partnership.

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On signing the deal, the official at IMG released a statement, “The Mutua Madrid Open will be a strong addition to our global events portfolio and tennis business, which will now boast two of the three mandatory combined events on both tours.”

“IMG, an Endeavor company and global leader in sports, events, media and fashion, today announced it has entered into a definitive agreement with Super Slam Ltd and its affiliates to acquire the Mutua Madrid Open tennis tournament and the Acciona Open de España golf tournament.”
— Reem Abulleil (@ReemAbulleil) December 6, 2021

Mutua Madrid Open under new ownership ahead of the 2022 season

IMG are growing their stake in the tennis circuit. After acquiring the rights of the Miami Open, they have now associated themselves with the Mutua Madrid Open. In the upcoming season, it will be the 20th edition of the event. It will be held from the 26th of April and will end on the 8th of May.

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Reflecting on the 2021 season, German tennis star Alexander Zverev won the tournament. During the event, he beat the likes of Nadal, Thiem, and Berrettini in the final. The most successful player of the event has been none other than Nadal, winning it previously on five occasions with rivals Federer and Djokovic on three wins each.

It will be interesting to see how things unfold at one of the important events in the calendar year after this development. We wish everyone associated with this event the best of luck.

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Watch this story: The Journey of Roger Federer to the Elite Billionaire’s Club

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Written by:

Rohan Kollare is a Tennis author at EssentiallySports. Rohan has studied Sports Management and has a trophy cabinet adorned with accolades won in district and state-level tennis competitions. He has previously worked in Content Operations for Disney’s Hotstar for over a year, covering Tennis and Formula One.

Tennis Billionaire Sells Mutua Madrid Open to Mega Management Company IMG

Mutua Madrid Open under new ownership ahead of the 2022 season

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