Rafael Nadal’s company made a £70 million profit after a lucrative contract, increasing his income just months after retiring.
The Rafael Nadal Academy, founded by the former world number one, operates tennis centers globally, with its main base in Manacor, Mallorca.
Nadal has recently increased his riches by selling nearly half of his stake in the company.
Nadal operates academies in Mallorca, Greece, Hong Kong, Kuwait, and Mexico. He is also expected to open another in Saudi Arabia as part of his job as Saudi tennis ambassador.
The inaugural Rafa Nadal Academy was opened in Manacor in 2016 and a few years later, part of the facility was transformed into a hotel, bringing in even more money.
The likes of Casper Ruud and Jaume Munar are among the alumni from the Mallorcan academy, while players like Venus Williams and Felix Auger-Aliassime have dropped in for training weeks.
According to La Voz de Ibiza, Nadal has now sold 44.9 per cent of his stake in the academy for just under £79m (€95m) to private investment firm GPF Capital.
As part of the deal, Nadal’s holding company Aspemir made a staggering profit of £70m (€85m). However, Nadal remains the main owner of his Manacor academy. The deal comes three months after the Spaniard retired from professional tennis.
GPF Capital initially bought an undisclosed stake in the academy in November 2023.
At the time, founding partner Martin Rodriguez-Fraile said: “GPF 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.”
The academy still runs training programmes for adults and juniors, and has an international school on-site. For tourists, there are swimming pools, multiple restaurants and a spa.
