IBJNews

Tennis officials set to reveal tournament buyer

Back to TopCommentsE-mailPrintBookmark and Share

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.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT