Tennis-Nadal creates athlete, event management company

MADRID Sat Feb 9, 2013 9:07pm IST

Stocks

   
Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

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

Urging Optimism

Urging Optimism

Be optimistic about Brazil, says Blatter.  Full Article 

Sturridge Hopeful

Sturridge Hopeful

Sturridge hopeful of returning against Chelsea.  Full Article 

Phelps Sceptical

Phelps Sceptical

'Grandfather' Phelps plays down Rio prospects.  Full Article 

On Trial

On Trial

Formula One boss Ecclestone goes on trial in Germany.  Full Article 

Premier League

Premier League

Preview - Liverpool seek to land knockout blow on Chelsea.  Full Article 

Serie A

Serie A

Roma running out of games in pursuit of relentless Juve.  Full Article 

China Open

China Open

Dyson enjoys happy return to China, shares lead with Quiros.  Full Article 

La Liga

La Liga

No rest for weary Atletico as Valencia trip looms.  Full Article 

Reuters India Mobile

Reuters India Mobile

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