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Tennis officials set to reveal tournament buyer

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Officials for the Indianapolis Tennis Center will hold a press conference at 3:30 p.m. Friday at the Omni Severin Hotel to discuss the sale of the ATP Tour event that traces its local roots back to the Woodstock Country Club in 1920.

Tournament director Kevin Martin said he will reveal the buyer of the tournament's sanctioning rights, but won’t release financial terms of the sale.

Sources told IBJ last week that the U.S. Tennis Association Southern Section was in serious negotiations to buy the event and move it to Atlanta. Martin declined to comment on any potential buyers until the press conference.

Martin told IBJ earlier this week that money generated from the sale would go toward paying off any of the event's lingering expenses. It is not clear if there will be any money left over for the not-for-profit’s charitable causes.

The local professional tennis tournament fell on hard times after it lost its title sponsor, RCA, after the 2006 tournament and NBC subsequently pulled out as the event’s broadcast partner.

The week-long event, which drew nearly 100,000 paying spectators in its heyday in the1980s and 1990s, drew just more than 41,000 in 2009.

The decision to sell the tournament comes after months of discussions with multiple tournament partners and prospective sponsors regarding options to sustain the event in Indianapolis.

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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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