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Madrid, Spain
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Cmo. de Perales, 23, 28041 Madrid, Spain
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The Madrid Open, sponsored by Mutua Madrileña and so known as Mutua (Madrileña) Madrid Open, is a joint men's and women's professional tennis tournament, held in Madrid, during early May. The clay court event is classified as an ATP World Tour Masters 1000 on the Association of Tennis Professionals tour and a Premier Mandatory event on the Women's Tennis Association tour. In the past it has also been known as the Madrid Masters. The tournament is traditionally played on a red clay surface. The event was played on blue courts in the 2012 tournament edition, with the ATP deciding against blue thereafter.Ion Țiriac, a Romanian former ATP player and now billionaire businessman, has been the owner of the tournament since 2009. Țiriac stated that he has an annual net profit of over €35 million and that his tournament brings to Madrid revenues exceeding €200 million.
