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PE firm CVC Capital proposes to buy out ATP, WTA tennis tours
MUMBAI: Changes may be afoot as far as broadcasting rights of professional male and female tennis calendars are concerned if reports emerging over the past two days are to be believed. Sky News first reported that Luxembourg headquartered private equity firm CVC Capital Partners is in unconfirmed talks with the Association of Tennis Professionals (ATP) and the Women’s Tennis Association (WTA) to buy a 15 per cent stake into a new entity One Tennis which will combine their two itineraries. It is willing to serve a cool $600 million for the privilege of managing the broadcasting rights to the two tours, as well as selling data rights to gambling companies.
CVC Capital has discussed leaving the running of the two sports to the two associations; all it wants is that the women and men’s tournaments should have a unified calendar (meaning female and male tennis players should play at the same competitions) – just like they do in the Grand Slam championships – Wimbledon, the US Open, and the Australian Open, and the French Open. The latter four contests are ruled by a different governing body.
The private equity firm believes it can extract greater value than both ATP and WTA are doing currently by glamourising the tours, upping prize money, improving broadcast production quality, and setting up a global digital platform for tennis fans.
Reuters reported on 8 June that the two associations had issued a joint statement which said that they are “continually looking for ways to bring the sport closer together to provide an enhanced experience for fans, players and tournaments.”
CVC Capital is no stranger to managing sports; it had been the owner of the F1 from 2006 to 2017 when it sold it to John Malone’s Liberty Media. Over that period, it squeezed out billions of dollars in revenue from the racing sport; in the process, it helped turn around its fortunes. CVC Capital has recently invested in the six nations Rugby and the International Volleyball Federation.
CVC is proposing that ATP Media (ATP’s existing sales and broadcasting arm) will be absorbed into the new entity with the former’s CEO Mark Webster leading One Tennis. Most of the broadcast rights to the ATP Tours for India lie with the ATP’s tennistv.com, with rights to the ATP 250s being shared by it with Discovery. Prior to Discovery, Sony Pictures Sports Network was the rights holder from 2015 to 2020. Hardcore tennis fans can watch matches online at tennistv.com with the annual subscription package running at $119.9.
But apparently, a lot more could be done to popularise tennis and the tours among younger audiences, commentators and critics have averred. Tennis has alienated young tennis buffs as they have been drawn to other sports that have more excitement and entertainment. Statistics have shown that the tennis fan is beginning to age and to get back in the game, the sports need a rejuvenation.
The ATP and WTA boards are expected to meet later this month on the proposal. Their decision will make it clear whether they believe that CVC Capital can be that white knight – who will inject some life into the sport.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
