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Old Oct 24th, 2005, 07:23 PM   #1
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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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Old Oct 24th, 2005, 07:24 PM   #2
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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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Old Oct 24th, 2005, 07:26 PM   #3
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Ketta
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Old Oct 24th, 2005, 07:27 PM   #4
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Ketta
what?? That was a genuine question.
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Old Oct 24th, 2005, 07:28 PM   #5
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Quote:
Originally Posted by Rocketta
what?? That was a genuine question.
I know, you still crack me up.
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Old Oct 24th, 2005, 07:32 PM   #6
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what a horrible news for Williams fans... my thoughts and prayers are with you
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Old Oct 24th, 2005, 07:37 PM   #7
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They would've never had the problem to begin with if the sisters were still there
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Old Oct 24th, 2005, 07:37 PM   #8
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Quote:
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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Old Oct 24th, 2005, 07:39 PM   #9
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Quote:
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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Old Oct 24th, 2005, 07:42 PM   #10
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Quote:
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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Old Oct 24th, 2005, 07:57 PM   #11
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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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Old Oct 24th, 2005, 07:58 PM   #12
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Quote:
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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Old Oct 24th, 2005, 07:59 PM   #13
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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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Old Oct 24th, 2005, 08:35 PM   #14
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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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Old Oct 24th, 2005, 08:49 PM   #15
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Quote:
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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