IMG: agreement to acquire the Madrid Masters 1000 (tennis) and the Spanish Open (golf)

The British media rights and sponsorship agency IMG has announced that it has reached a definitive agreement with Super Slam (led by Romanian businessman Ion Țiriac) and its subsidiaries to acquire the Mutua Madrid Open tennis tournament (ATP Masters 1000 and WTA 1000) and the Acciona Open golf tournament in Spain on 06/12/2021.

"The transaction is expected to close in the first quarter of 2022, subject to ATP / WTA and regulatory approvals," said IMG.

"One of nine ATP Masters 1000 and four WTA 1000 Mandatory events, the Mutua Madrid Open will join IMG's roster of leading tennis tournaments, including the Miami Open and several other ATP and WTA events," added the agency.

• "Through the acquisition, Madrid Trophy Promotion SLU (MTP), the Spanish entity that operates the tournament, will become part of IMG, with MTP's CEO and tournament director Gerard Tsobanian becoming senior vice-president, Tennis Events, IMG. Tsobanian and his team will continue to oversee the day-to-day running of the Mutua Madrid Open as part of IMG's global tennis events division led by Gavin Forbes," said IMG.
…