{"id":25337,"date":"2025-02-12T01:42:57","date_gmt":"2025-02-12T01:42:57","guid":{"rendered":"https:\/\/usatoday.azontree.com\/?p=25337"},"modified":"2025-02-12T01:42:57","modified_gmt":"2025-02-12T01:42:57","slug":"rafael-nadal-set-for-94-million-profit-after-selling-part-of-his-stake-in-tennis-academy","status":"publish","type":"post","link":"https:\/\/usatoday.azontree.com\/?p=25337","title":{"rendered":"Rafael Nadal set for $94-million profit after selling part of his stake in tennis academy"},"content":{"rendered":"<p class=\"oc-c-article__summary\">The 22-time Grand Slam winner launched the Rafa Nadal Academy in 2016 as a way to &#8220;give something back&#8221; to the sport.<\/p>\n<div class=\"oc-c-article__description\">\n<div class=\"oc-c-article__publish-info\">\n<p>Rafael Nadal continues to expand his off-court projects and business ventures, and now he\u2019s set for a massive pay day after reports have emerged that he\u2019s sold off part of his stake in his eponymous tennis academy.<\/p>\n<p>The Rafael Nadal Academy was launched back in 2016 as a part of the Manacor-born tennis star\u2019s vision to \u201cgive something back\u201d to the sport by forming the next generation of champions in his hometown.<\/p>\n<div class=\"d3-l-grid--outer\">\n<div class=\"oc-c-article__body d3-l-grid--inner\">\n<div class=\"d3-l-col__col-8 body-parts-center\">\n<div class=\"oc-c-body-part oc-c-markdown-stories\">\n<p>The Academy has undergone multiple expansions since then, including the addition of an on-site hotel\u2014which controversially required\u00a0<a href=\"https:\/\/www.tennis.com\/news\/articles\/nadal-refutes-unjustified-criticism-of-mallorca-tennis-academy\">a<\/a>n amendment to Balearic housing laws\u00a0in order to receive approval\u2014and has now become one of Spain\u2019s largest sporting facilities.<\/p>\n<p>\u201cWe had a very interesting conversation about a word that I think is very important: legacy,\u201d Nadal said at\u00a0a recent Academy graduation ceremon<a href=\"https:\/\/www.tennis.com\/baseline\/articles\/what-is-a-legacy-rafael-nadal-recalls-roger-federer-memory-in-speech-to-tennis-academy-graduates\">y<\/a>, recalling a moment with fellow tennis great Roger Federer. \u201cHow would we like to be remembered in a few years? How do we want the future generations to think of us?\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"d3-l-grid--outer\">\n<div class=\"oc-c-article__body d3-l-grid--inner\">\n<div class=\"d3-l-col__col-12 body-parts-center\"><\/div>\n<\/div>\n<\/div>\n<div class=\"d3-l-grid--outer\">\n<div class=\"oc-c-article__body d3-l-grid--inner\">\n<div class=\"d3-l-col__col-8 body-parts-center\">\n<div class=\"oc-c-body-part oc-c-body-part--oembed oc-c-body-part--instagram\"><iframe id=\"instagram-embed-0\" class=\"instagram-media instagram-media-rendered\" src=\"https:\/\/www.instagram.com\/p\/DFVYkiatt1w\/embed\/captioned\/?cr=1&amp;v=14&amp;wp=548&amp;rd=https%3A%2F%2Fwww.tennis.com&amp;rp=%2Fbaseline%2Farticles%2Frafael-nadal-set-for-94-million-profit-after-selling-part-of-his-stake-in-tennis-academy#%7B%22ci%22%3A0%2C%22os%22%3A1565%7D\" height=\"968\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-instgrm-payload-id=\"instagram-media-payload-0\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"d3-l-grid--outer\">\n<div class=\"oc-c-article__body d3-l-grid--inner\">\n<div class=\"d3-l-col__col-8 body-parts-center\">\n<div class=\"oc-c-body-part oc-c-markdown-stories\">\n<p>Visitors to Nadal\u2019s academy include a who\u2019s-who of top players looking for a training center\u2014from the likes of\u00a0<a href=\"https:\/\/www.tennis.com\/baseline\/articles\/venus-williams-readies-for-hard-court-season-at-rafael-nadal-academy\">V<\/a>enus Williams\u00a0to Casper Ruud and beyond\u2014as well as promising youngsters who get to train and compete in an expansive world-class facility. Over the years, it\u2019s also become a major international tourist spot in Mallorca, with hotel stays hitting \u20ac500 a night during peak seasons.<\/p>\n<p>The 22-time Grand Slam winner also operates facilities in Cancun, Kuwait and Greece, managed by Aspemirm, a company led by his mother Ana Maria.<\/p>\n<p>According to reports, Nadal has sold nearly half his stake (44.9%) in the academy for close to \u20ac95 million to a private investment firm named GPF Capital. According to insiders familiar with the deal,\u00a0the transaction\u00a0largely involves the transfer of a property asset from the academy.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"d3-l-grid--outer\">\n<div class=\"oc-c-article__body d3-l-grid--inner\">\n<div class=\"d3-l-col__col-8 body-parts-center\">\n<div class=\"oc-c-body-part oc-c-body-part--photo\">\n<div class=\"d3-o-media-object\">\n<figure class=\"d3-o-media-object__figure fa-image -ratio-16-9\"><picture class=\"d3-o-media-object__picture\"><source srcset=\"https:\/\/images.tennis.com\/image\/private\/t_16-9_1920\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 1x, https:\/\/images.tennis.com\/image\/private\/t_16-9_1920_2x\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 2x, https:\/\/images.tennis.com\/image\/private\/t_16-9_1920_3x\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 3x\" media=\"(min-width:1024px)\" \/><source srcset=\"https:\/\/images.tennis.com\/image\/private\/t_16-9_1024\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 1x, https:\/\/images.tennis.com\/image\/private\/t_16-9_1024_2x\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 2x, https:\/\/images.tennis.com\/image\/private\/t_16-9_1024_3x\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 3x\" media=\"(min-width:768px)\" \/><source srcset=\"https:\/\/images.tennis.com\/image\/private\/t_16-9_768\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 1x, https:\/\/images.tennis.com\/image\/private\/t_16-9_768_2x\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 2x, https:\/\/images.tennis.com\/image\/private\/t_16-9_768_3x\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg 3x\" \/><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/images.tennis.com\/image\/private\/t_16-9_768\/f_auto\/tenniscom-prd\/rv4quaxtzxvordvf5vss.jpg\" alt=\"Nadal launched his academy in 2016 as a part his vision to \u201cgive something back\u201d to the sport by forming the next generation of champions.\" \/><\/picture><\/figure>\n<\/div>\n<div class=\"d3-o-media-object__photo-caption\">\n<p class=\"caption\">Nadal launched his academy in 2016 as a part his vision to \u201cgive something back\u201d to the sport by forming the next generation of champions.<\/p>\n<p class=\"copyright\">\u00a9\u00a02024 Aldara Zarraoa<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"d3-l-grid--outer\">\n<div class=\"oc-c-article__body d3-l-grid--inner\">\n<div class=\"d3-l-col__col-12 body-parts-center\"><\/div>\n<\/div>\n<\/div>\n<div class=\"d3-l-grid--outer\">\n<div class=\"oc-c-article__body d3-l-grid--inner\">\n<div class=\"d3-l-col__col-8 body-parts-center\">\n<div class=\"oc-c-body-part oc-c-markdown-stories\">\n<p>A Madrid-based firm with over \u20ac600 million of capital under management, GPF first bought an undisclosed stake in the Academy back in November 2023.<\/p>\n<p>\u201cGPF is firmly committed to investing in education and sports as fundamental pillars of society, and no project brings them together better than the Rafa Nadal Academy,\u201d said Martin Rodriguez-Fraile, founding partner of GPF, at the time. He added the firm will \u201cwork to accelerate the international expansion of the group.\u201d<\/p>\n<p>Last fall, flash floods and extreme weather in Valencia and the Balearic Islands resulted in extensive damage to the Academy facilities in Mallorca, requiring millions of Euros in repairs.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The 22-time Grand Slam winner launched the Rafa Nadal Academy in 2016 as a way to &#8220;give something back&#8221; to the sport. Rafael Nadal continues to expand&#8230; <\/p>\n","protected":false},"author":2,"featured_media":25338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-25337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tennis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rafael Nadal set for $94-million profit after selling part of his stake in tennis academy - 24\/7 News America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/usatoday.azontree.com\/?p=25337\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rafael Nadal set for $94-million profit after selling part of his stake in tennis academy - 24\/7 News America\" \/>\n<meta property=\"og:description\" content=\"The 22-time Grand Slam winner launched the Rafa Nadal Academy in 2016 as a way to &#8220;give something back&#8221; to the sport. 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