Of note and related to discussions earlier in this thread - this is from Jeff Sackmann's Heavy Topspin newsletter
"Hollywood agent Ari Emanuel, with partners, is buying the Miami and Madrid tournaments from IMG as part of a $1 billion deal.
I generally don't care much about who owns which tournaments, but in this case, there could be impact on the tennis itself. Not necessarily positive or negative: IMG likes to give wild cards to its own up-and-coming clients. 16-year-old Moises Kouame was one beneficiary this week, for instance. New owners might favor youngsters, too, but presumably not IMG clients in particular."
That's a high price for two tennis tournaments that aren't GS. Based on my experience negotiating TV rights deals (albeit more on the music side), I can't imagine the price is actually that much. Not saying it's not accurate, I'm just surprised and clearly missing a big piece.
That's a high price for two tennis tournaments that aren't GS. Based on my experience negotiating TV rights deals (albeit more on the music side), I can't imagine the price is actually that much. Not saying it's not accurate, I'm just surprised and clearly missing a big piece.
It does sound a lot - Jeffs comments say as part of a deal, which does suggest there is more in the deal than just the two events.