By Richard Pagliaro | @Tennisnow | Tuesday, March 4, 2025
Photo Credit: Miami Open/Hard Rock Stadium
CVC has made a billion dollars offering to become a leading player in the Pro tennis.
CVC Capital Partners It is offering $ 1 billion to buy the rights for two of the most prominent sports masters 1000 shifts: Miami Open and Mutua Madrid Open, according to A news report in the sky.
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Owner Curent still is reported to be negotiating with Saudi Arabia for Miami or Madrid rights or both in 2023 and 2024, however the CVC has now appeared as a potential buyer with another round of offers coming, according to Sky News report.
CVC Capital is the former owner of Formula One. She sold ownership of most of it in Formula 1 in 2016.
An interesting aspect of bid procurement is that the CVC is making offers against the chief of effort Ari Emanuel for tour rights.
In the light of the CVC offer “it was unclear if Mr. Emanuel would seek external funding for his offer,” Sky News said.
The Raine group is dealing with the tendering process.
It is reported that other firms are interested in making offers for both 1000 shifts or issuing offers only for Miami or Madrid.
Miami Open is set for March 19-30. Mutua Madrid Open will be opposed April 23 May 4.
If the CVC is successful in its offer, it would also win the Barcelona and IMG-Enda Grass-Cocur exhibition at Hurlingham Club in London held before Wimbledon.
