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Oct 24th, 2005, 07:23 PM
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#1
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Kart & I against the WtaWorld!
Join Date: Nov 2001
Location: NC
Posts: 35,687
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USTA invests in Indian Wells pro tourney
USTA invests in Indian Wells pro tourneyOctober 24, 2005
INDIAN WELLS, Calif. (AP) -- The U.S. Tennis Association has invested in the Pacific Life Open, helping keep the high-profile pro event from moving to China in 2007.
The USTA's board of directors said Monday that it had approved a 50 percent buyout of management firm IMG's interest in the event that combines the men's and women's pro tours. IMG had wanted to sell to a Chinese group.
Raymond Moore and Charlie Pasarell of PM Sports own the other 50 percent.
The group owning the other half is the USTA, Tennis magazine owners George Mackin and Bob Miller, as well as others who have yet to be identified.
Also, the USTA will take a major role in marketing, sponsorship and television for the two-week tournament, held in March. This year's women's tournament had a $2.1 million total purse. The men's event was worth $2.9 million. ``The Pacific Life Open is one of the world's most prestigious tennis tournaments with a significant profile in the U.S. sports landscape,'' said Franklin Johnson, USTA president and chairman of the board. The USTA's investment is subject to completion of an agreement with the tournament's other investors and IMG.
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Oct 24th, 2005, 07:24 PM
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#2
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Kart & I against the WtaWorld!
Join Date: Nov 2001
Location: NC
Posts: 35,687
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I thought Pacific Life was doing so well according to fans why did IMG want to sell it?  |
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Oct 24th, 2005, 07:26 PM
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#3
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Senior Member
Join Date: May 2003
Posts: 21,748
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Ketta  |
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Oct 24th, 2005, 07:27 PM
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#4
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Kart & I against the WtaWorld!
Join Date: Nov 2001
Location: NC
Posts: 35,687
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Quote:
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Originally Posted by Knizzle
Ketta |
what?? That was a genuine question.
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Oct 24th, 2005, 07:28 PM
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#5
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Senior Member
Join Date: May 2003
Posts: 21,748
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Quote:
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Originally Posted by Rocketta
what?? That was a genuine question. |
I know, you still crack me up.
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Oct 24th, 2005, 07:32 PM
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#6
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Senior Member
Join Date: Jun 2001
Posts: 21,758
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what a horrible news for Williams fans... my thoughts and prayers are with you 
__________________
Vassilissa is my girl............
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Oct 24th, 2005, 07:37 PM
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#7
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Senior Member
Join Date: Jan 2005
Posts: 9,048
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They would've never had the problem to begin with if the sisters were still there 
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Really, don't even look at me...
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Oct 24th, 2005, 07:37 PM
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#8
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Kart & I against the WtaWorld!
Join Date: Nov 2001
Location: NC
Posts: 35,687
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Quote:
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Originally Posted by tenn_ace
what a horrible news for Williams fans... my thoughts and prayers are with you |
what's horrible about it?  An American tournament stays in America but has to be bailed out for that to happen....yeah Williams fans are crying in their milk.
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Oct 24th, 2005, 07:39 PM
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#9
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Senior Member
Join Date: Aug 2004
Posts: 11,946
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Quote:
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Originally Posted by Rocketta
what's horrible about it? An American tournament stays in America but has to be bailed out for that to happen....yeah Williams fans are crying in their milk. |
Sisters like China, Sisters don't like IW  .
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Oct 24th, 2005, 07:42 PM
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#10
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Kart & I against the WtaWorld!
Join Date: Nov 2001
Location: NC
Posts: 35,687
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Quote:
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Originally Posted by Pengwin
Sisters like China, Sisters don't like IW . |
eh, he talked about Williams fans not Venus and Serena Williams.... 
besides they play Miami and it would seriously have to be in a incredible advantageous spot in the calandar before Venus or Serena would play it if it were moved to China...highly unlikely if you ask me so once again what's there for a Williams fan to be upset about?
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Oct 24th, 2005, 07:57 PM
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#11
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double-dog daredevil
Join Date: Jun 2001
Location: self-imposed exile
Posts: 12,060
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Quote:
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Originally Posted by VeeReeDavJCap81
They would've never had the problem to begin with if the sisters were still there |
Venus and Serena not playing hurts, but starting out with a hare-brained financing scheme is what was and is killing them.
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don't get used to it
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Oct 24th, 2005, 07:58 PM
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#12
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Senior Member
Join Date: Jun 2003
Posts: 22,161
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Quote:
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Originally Posted by tenn_ace
what a horrible news for Williams fans... my thoughts and prayers are with you |
How so?
Simply means both ladies will be doing what
they've done for all these years now.
If I'm not mistaken, it's not Williams Fans
that bring up the issue of them and IW
like clockwork every year.
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Oct 24th, 2005, 07:59 PM
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#13
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SWOOP!
Join Date: Jul 2005
Posts: 6,455
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Let the USTA have Indian Wells. At least they didn't get their hands on Venus and Serena. Richard Williams was a genius to keep them out of that mess.
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Oct 24th, 2005, 08:35 PM
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#14
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HAND SCRAPED
Join Date: May 2001
Location: England
Posts: 7,156
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It'd mean another trip outside the US for Lindsay, and we all know how she hates that. So good.
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Oct 24th, 2005, 08:49 PM
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#15
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Senior Member
Join Date: Dec 2003
Location: usa
Posts: 3,121
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Quote:
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Originally Posted by Rocketta
I thought Pacific Life was doing so well according to fans why did IMG want to sell it? |
It had a severe lack of Williams
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USTA invests in Indian Wells pro tourney
