Nadal sells stake in Academy for €94M profit « Euro Weekly News
Rafael Nadal, the legendary tennis player, continues to achieve success both on and off the court with remarkable business ventures
Credit : Shutterstock, Leonard Zhukovsky
Massive Financial Boost for Nadal as He Sells Nearly 45% of His Academy
Spanish tennis legend Rafael Nadal has finalised a major business deal, selling 44.9% of his high-performance tennis academy in Manacor to investment group GPF. The transaction, which largely involves the transfer of a property asset from the academy, has brought the former world No.1 an impressive €94.1 million in profit, a nearly fivefold increase compared to the previous year.
Rafael Nadal’s investment portfolio soars with record profits
Nadal’s holding company, Aspemir, which oversees his various investments, reported a 372.8% surge in net earnings in 2023, a significant leap from €19.9 million in 2022 to €94.1 million. Despite this, total revenues dropped by 39.9%, falling to €21.95 million, compared to €36.5 million in 2022.
The company’s income primarily comes from image rights, sponsorships, and public appearances, which remain Nadal’s main sources of post-retirement revenue. Additionally, Aspemir increased its stake in the private investment firm Mabel Capital Global, bringing its total ownership to 50% as of February 2024.
Nadal’s strategic moves: Asset transfers and capital restructuring
The sale of the Centre Esportiu Manacor, better known as the Rafa Nadal Academy by Movistar, resulted in a capital reduction of €10.76 million in investment value for Aspemir. However, in return, the company gained real estate assets while also assuming debts and liabilities from the academy’s accounts.
Furthermore, Aspemir has transferred ownership of R. Nadal International School—a key component of the academy—to another affiliated company, solidifying its business restructuring strategy.
What’s Next for Nadal’s thriving business empire?
With a net worth now exceeding €341.4 million (a 44% increase from 2022), Nadal continues to establish himself as a savvy businessman beyond his legendary tennis career. While he remains active in promoting his academy and philanthropic efforts, this latest deal highlights his long-term vision for financial growth and strategic investment.
As Nadal steps back from professional tennis, his off-court moves suggest that his legacy will not only be defined by his 22 Grand Slam titles but also by his business acumen and wealth-building strategies.
Find more news about sport
