By Richard Pagliaro | @TennisNow | Tuesday, March 4, 2025
Photo credit: Miami Open/Hard Rock Stadium
CVC has made a billion dollar bid to become a major player in pro tennis.
CVC Capital Partners is offering $1 billion to buy the rights to two of the sport’s most prominent Masters 1000 tournaments: the Miami Open and Mutua Madrid Open, according to a Sky News report.
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Curent owner Endeavor was reportedly negotiating with Saudi Arabia for the rights to either Miami or Madrid or both in 2023 and 2024, however CVC has now emerged as the potential buyer with another round of bids coming, according to Sky News’ report.
CVC Capital is the former owner of Formula One. It sold its majority ownership in Formula One back in 2016.
An interesting aspect of the bidding prosect is that CVC is bidding against Endeavor chief Ari Emanuel for tournament rights.
In light of CVC’s bid “it was…
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