Tennis: CVC in talks to acquire 15% of a new commercial entity bringing together ATP and WTA (press)

The Luxembourg-based investment firm CVC Capital Partners is in talks with the ATP and WTA to acquire a 15% stake in One Tennis, a new entity combining men's and women's tennis, according to the British daily The Financial Times on 07/06/2021. The deal is reported to be worth $600m (€492m).

The new entity would manage the media rights of both bodies' tournaments, as well as data rights in connection with the sports betting companies (IMG with ATP and WTA with Stats Perform for the current contracts). The ATP and WTA would remain separate entities and would be responsible for sports decisions, explained The Financial Times.

CVC Capital Partners has recently made similar agreements in rugby, notably with the 6 Nations rugby tournament on 11/03/2021, as well as the International Volleyball Federation (FIVB) on 01/02/2021.