Tennis-Nadal creates athlete, event management company

MADRID Sat Feb 9, 2013 9:07pm IST

Stocks

   

MADRID Feb 9 (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 Jan. 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)

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

Sarita's Suspension

Sarita's Suspension

India hope to get boxer Sarita Devi's suspension reversed.  Full Article 

Fate in Balance

Fate in Balance

Caterham F1 factory closed, team's fate in the balance.  Full Article 

Wozniacki Wins

Wozniacki Wins

Wozniacki powers past Radwanska at WTA Finals.  Full Article 

Swiss Indoors Basel

Swiss Indoors Basel

Federer opens Basel campaign in style, Nadal progresses.  Full Article 

Close To Collapse

Close To Collapse

Crisis deepens at Caterham Formula One team.  Full Article 

Olympic Recognition

Olympic Recognition

Kosovo granted provisional Olympic recognition by IOC.  Full Article 

WTA Finals

WTA Finals

World number one Williams walloped by Halep   Full Article 

West Indies Trouble

West Indies Trouble

ICC 'concerned' by India-West Indies dispute  Full Article 

Reuters India Mobile

Reuters India Mobile

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