Women’s tennis tour, WTA, in commercial partnership with CVC Kostyuk beats Gracheva for 1st WTA title Home favorite Jarry beats Etcheverry for Chile Open title

The Women’s Professional Tennis Tour launched a business venture with CVC Capital Partners to increase the sport’s revenue, with an investment manager contributing $150 million for a 20% stake in what would be known as WTA Ventures LLC.

“Obviously the goal is to significantly grow women’s professional tennis. Grow our profile, its value, prize money,” said WTA Chairman and CEO Steve Simon. “This arrangement will certainly allow us to create more investment opportunities for our players and our tournaments.”

He said the new organization is completely separate from WTA Inc. from St. Petersburg, Florida, who will oversee the tour itself and will manage all commercial activities including broadcast rights, data, games, sponsorships, licensing and NFTs. .

“Hopefully we can get started with a larger audience and more engaged fans,” Simon said. “Then it will boost the asset value of each of those properties through audience growth.”

At the end of 2021, Simon announced that the WTA would suspend all of its tournaments, including the season-ending WTA Finals, which were held in China due to safety concerns for former player Peng Shuai, costing the tour millions of dollars. This ban on competition in China remains in place; Simon said a decision on where to host the WTA Finals this season would be made by the end of March.

He called the CVC investment “completely unrelated to any of these issues.”

Simon also said that the agreement, which was announced on Tuesday, “in no way prevents us from continuing negotiations with the ATP (men’s tennis tour) and possibly making a bigger deal with the ATP involved.”

CVC says on its website that it is a “global alternative investment manager” with over €137 billion ($145 billion) in assets under management.

He has worked with Formula One, European football leagues, rugby, volleyball and other sports.

The WTA-CVC partnership has been in the works for some time now, from initial concept to work to close the deal over the last 12 months.

“It’s been a long journey,” Simon said. – AP tennis: And

Austin, Texas. Marta Kostyuk won her first career WTA title at the age of 20 when she defeated Varvara Gracheva 6-3, 7-5 in the ATX Open final and then dedicated the victory to her home country Ukraine.

No. 8 seeded Kostyuk and unseeded Gracheva, a 22-year-old Russian, did not meet at the net for the traditional post-match handshake; Kostyuk said she would not do so after facing opponents from Russia, which launched its invasion of Ukraine more than a year ago, or Belarus, which helped launch the attack.

“Being in the position that I am in now, it is very important to win this title,” Kostyuk said during the awards ceremony at the first hard surface tournament in the capital of Texas, “and I want to dedicate this title to Ukraine and all the people who are now fighting and they die.”

As Gracheva floated forward to end the match 1 1/2 hours later, Kostyuk, who was trailing 5-3 in the second set and kept a 5-4 set point, fell to her knees on the backline, put her hands on her face and sobbed.

“Obviously,” said Kostyuk, who was the 2017 Australian Open junior champion, “this is a special moment.”

Both players made their first appearance in a title game at tour level, and in total they made 13 service breaks (Kostyuk’s 8) and 14 double faults. Both scored less than 50% on serve.

There were only two aces, both from Gracheva, including one that gave her a 5-4, 40-30 set point. But she squandered that chance to force a third set with a right hand. Gracheva, who finished 88th, eliminated No. 1 seed Magda Lynette and 2017 US Open champion Sloane Stevens earlier in the tournament. Kostyuk converted it, completing an exchange of 16 shots with a winning right hand.

Kostyuk, who finished 52nd that day, then kept the score 6-5 with a backroom serve before ending the four-game streak with another break.

She is the third 2023 Women’s Tour Champion to win the title for the first time.

SANTIAGO, Chile. Home crowd favorite Nicolas Jarry beat Argentina’s Thomas Martin Etcheverri 6-7 (5), 7-6 (5), 6-2 to reach the final of the Chile Open, his first elite title since 2019.

The 27-year-old Chilean served a doping ban in 2020 and his rankings have plummeted. His run to the clay court title in Chile came a week after Jarry reached the semi-finals of the Rio Open where he lost a tough match against Carlos Alcaraz and is predicted to return him to the top 60 in the ATP rankings. .

“It’s really incredible, it means a lot to me, especially doing it for two weeks in a row,” Jarry said. “Winning the second tie-break was very important emotionally.”

Jarri and Etcheverri have only met once before, in the first round in Córdoba last year, which the Argentine won in three sets.


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