Nadal creates athlete, event management company

MADRID Sat Feb 9, 2013 9:34pm IST

Spain's Rafael Nadal returns the ball to compatriot Daniel Gimeno-Traver during their men's singles match at the Chilean Open tennis tournament in Vina del Mar city, February 8, 2013. REUTERS/Eliseo Fernandez

Spain's Rafael Nadal returns the ball to compatriot Daniel Gimeno-Traver during their men's singles match at the Chilean Open tennis tournament in Vina del Mar city, February 8, 2013.

Credit: Reuters/Eliseo Fernandez

Related Topics

Stocks

   

MADRID (Reuters) - Rafa Nadal has set up his own company to manage athletes and organise events with his long-term agent Carlos Costa, the world number five announced on Saturday.

"Together with his manager, Carlos Costa, Rafa Nadal began a new adventure on January 1 in the world of representing athletes of various sports like tennis, golf and football as well as organising events," Nadal's spokesman said in a brief emailed statement.

Spaniard Nadal, who is making his return from a seven-month injury layoff at this week's clay event in Vina del Mar, Chile, was previously represented by U.S.-based firm IMG, for whom Costa also worked.

He earned $25 million in endorsements last year from companies including Kia Motors and Nike, according to Forbes, putting him equal 16th on the magazine's list of the world's highest-paid athletes (www.forbes.com/athletes/list/).

IMG spokesman Jim Gallagher confirmed Nadal's contract with the company had expired at the end of 2012.

"We are very happy for Rafa and we wish him the best of luck," Gallagher said by telephone from New Jersey.

"We hope to do a lot more business with him in the future," he added.

Nadal is the second high-profile tennis player to leave IMG in recent months.

Roger Federer, the world number two, and his agent Tony Godsick both severed ties with the firm last year. (Reporting by Iain Rogers, editing by Justin Palmer)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Cricket

SPORTS SHOWCASE

Angry Young Man

Angry Young Man

Barcelona's Pique relishing return of 'angry' Suarez.  Full Article 

Commonwealth Games

Commonwealth Games

Grenada’s James lights up Glasgow with emphatic 400 win.  Full Article 

Raising Cash

Raising Cash

Glazers to raise $150 million by cutting Man Utd stake.  Full Article 

Winter Olympics

Winter Olympics

Cho named as new head of Pyeongchang 2018 organisers.  Full Article 

Time To Roar

Time To Roar

Firestone a perfect place for Tiger to salvage season.  Full Article 

Overseas Recruit

Overseas Recruit

Trezeguet signs up for Indian Super League.  Full Article 

On The Green

On The Green

Scott once again wary of challengers for the top spot.  Full Article 

Emotional Return

Emotional Return

I need a hug, says Scolari on Gremio return.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage