Who Owns Madrid Open Tennis?
Madrid Open is one of the most prestigious tennis tournaments in the world, attracting the best players from around the globe. The tournament is held annually in Madrid, Spain, and has been a staple of the tennis calendar since its inception in 2002.
Tournament Ownership
The ownership of the Madrid Open has changed hands several times over the years. The tournament was initially owned by former professional tennis player Ion Tiriac and his company, AMT Sports Marketing Limited.
In 2009, Tiriac sold his majority stake in the tournament to fellow former tennis player Gerard Tsobanian and his company, Ion Tiriac Holdings LLC. Tsobanian served as the tournament director until 2019 when he resigned due to personal reasons.
Since then, Madrid Open has been owned by Kosmos Holding, a sports investment company founded by Spanish footballer Gerard Piqué.
Kosmos Holding
Kosmos Holding was established with an aim to invest in and develop sports properties across the globe. The company’s first major investment was in Barcelona’s football club FC Barcelona. Since then, Kosmos has invested in various sports ventures including Davis Cup Tennis and World Padel Tour.
The acquisition of Madrid Open was part of Kosmos’ larger strategy to expand its portfolio into tennis. The company’s vision for Madrid Open is to make it one of the premier tennis tournaments in the world by enhancing its facilities and increasing prize money for players.
The Future of Madrid Open
Under Kosmos’ ownership, Madrid Open has already seen significant improvements such as a new playing surface and an increase in prize money for both men’s and women’s events. Additionally, Kosmos plans on building a new state-of-the-art tennis center in Madrid that will host the tournament and serve as a hub for tennis development in Spain.
Overall, the future of Madrid Open looks bright under Kosmos’ ownership. The tournament has already cemented its place as one of the top events on the tennis calendar, and with the backing of a strong sports investment company, it is poised to reach new heights in the years to come.
Conclusion
In conclusion, Kosmos Holding currently owns Madrid Open Tennis after acquiring it from Gerard Tsobanian. The company’s goal is to make the tournament one of the most prestigious sporting events in the world by investing in its facilities and increasing prize money. With Kosmos’ track record of successful sports investments, there is no doubt that Madrid Open has a bright future ahead.