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

REUTERS SHOWCASE

Wuhan Open

Wuhan Open

Ill Williams follows seeds out of Wuhan Open.  Full Article 

Light Speech

Light Speech

No hair-dryer treatment as 'fun-Fergie' addresses Ryder Cup team.  Full Article 

Not Fit Enough

Not Fit Enough

Four fall foul of Pakistan's new fitness crackdown.  Full Article 

Confident Westwood

Confident Westwood

European team as strong as it's ever been, says Westwood  Full Article 

Money Matters

Money Matters

United need massive investment on new players, says Neville.  Full Article 

Misfired Stroke

Misfired Stroke

Murray disappointed over Scottish independence Twitter row   Full Article 

Reuters India Mobile

Reuters India Mobile

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