Ex-F1 owners make £790m bid for two major tennis tournaments in huge shake-up

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Ex-F1 owners make £790m bid for two major tennis tournaments in huge shake-up

Two ATP and WTA 1000 events are up for sale as part of a portfolio of tennis assets.

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The CVC fund, known in France for its association with the LFP, is discussing the purchase of the Madrid and Miami Masters 1000. CVC, the investment fund already present in the capital of the new commercial agency of the French Professional Football League (LFP), is continuing to expand in the world of sport and is now targeting men's professional tennis with a substantial offer. According to available information, CVC would have offered around …

ministryofsport.com

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CVC Capital Partners Makes Bid For Madrid and Miami Opens - Ministry of Sport

Global private equity giant, CVC Capital Partners, is making a bold move into the tennis world with a $1 billion (AUD$1.6 Billion) bid to acquire a portfolio of prestigious tournaments, including the Miami Open and Madrid Open. Sources close to the process, handled by The Raine Group, have revealed that CVC is among the final bidders, with the next round of offers expected later this month. The current owner, Endeavor Group Holdings, led by form…

City AM

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Six Nations investors CVC bids $1bn for major tennis competitions

Private equity giant CVC Capital Partners are set to bid for a portfolio of high-profile tennis events worth £790m that includes the Madrid and Miami Opens. It could see the Six Nations investor add to its existing tennis interests, which include a commercial joint venture with the WTA launched in 2023. The portfolio – currently owned by Endeavor, whose TKO Group last week completed its purchase of IMG, On Location and Professional Bull Riders f…