Welcome to Sportico’s Transactions wire, a weekly rundown of personnel, partnerships and purchases across the sports business industry.
IMG Purchases Tennis and Golf Events in Spain
Endeavor subsidiary IMG has completed its purchase of the Mutua Madrid Open tennis tournament and the Acciona Open de España golf tournament from Super Slam Ltd and its affiliates. One of nine ATP Masters 1000 and four WTA 1000 Mandatory events, the Mutua Madrid Open joins IMG’s roster of leading tennis tournaments, including the Miami Open and several other ATP and WTA events. CEO and tournament director Gerard 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. IMG’s golf events division will now support the European Tour’s Acciona Open de España. Founded in 1912, the tournament typically takes place in October at the Club de Campo Villa de Madrid where it is broadcast to more than 120…
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