By Richard Pagliaro | @TennisNow | Tuesday, March 4, 2025
Photo credit: Miami Open/Hard Rock Stadium
CVC is making waves with its ambitious $1 billion proposal to become a significant force in professional tennis.
CVC Capital Partners is poised to acquire the rights to two of tennis’s most prestigious Masters 1000 events: the Miami Open and the Mutua Madrid Open, as reported by Sky News.
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Previously, owner Endeavor was in discussions with Saudi Arabia regarding the rights to either the Miami or Madrid Opens in 2023 and 2024, but now CVC has emerged as a formidable contender in the bidding process, with additional offers expected, according to Sky News.
CVC, known for its former majority stake in Formula One, sold its shares back in 2016 but is now trying to make a grand return to the sports arena.
Notably, CVC is competing against Endeavor’s CEO, Ari Emanuel, for the tournament rights, and it’s unclear if Emanuel will pursue external funding to enhance his bid, as reported by Sky News.
The bidding process is being overseen by The Raine Group.
Reports indicate that other firms are also eyeing the opportunity to secure rights for either or both Masters 1000 tournaments.
The Miami Open is scheduled for March 19-30, while the Mutua Madrid Open will take place from April 23 to May 4.
If CVC is successful, the acquisition would also include the Barcelona event and the IMG-Endeavor grass-court exhibition at Hurlingham Club in London prior to Wimbledon.
