Nadal sells 45% stake in tennis academy

Spanish tennis legend Rafael Nadal has finalized 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.