It was held from 2002 to 2008 in the Madrid Arena as the first of two Master's indoor hard court late-season events that preceded the ATP Tour Finals (also indoors). In 2021, Țiriac sold the tournament to New York–based giants IMG for approximately €390 Million.įrom its inauguration as a men's only event in 2002, the tournament was classified as one of the ATP Masters Series tournaments, where it replaced the now-defunct Eurocard Open in Stuttgart. According to Digi Sport which interviewed Țiriac in 2019, the tournament brings to the city of Madrid annual benefits exceeding €107 million. Ion Țiriac, a Romanian billionaire businessman and former ATP professional, was the owner of the tournament between 20.
The event was played on blue courts in the 2012 tournament edition, with the ATP deciding against blue thereafter. The tournament is traditionally played on a red clay surface. In the past, it has also been known as the Madrid Masters. The clay-court event is classified as an ATP Tour Masters 1000 on the ATP Tour and a WTA 1000 event on the WTA Tour.
The Madrid Open (Spanish: Masters de Madrid), currently sponsored by Mutua Madrileña and known as the Mutua Madrid Open, is a joint men's and women's professional tennis tournament, held in Madrid, during early May.
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