The ATP has confirmed Turin has been selected to host the ATP Finals from 2021-2025.
Multiple reports last week indicated the Italian city was favourite to land the season-ending event and supplant London which has hosted the tournament since 2009.
Turin’s five-year agreement will see the world’s top eight male singles players and doubles teams play each other at the Pala Alpitour stadium, Italy’s largest indoor sporting arena.
SportBusiness understands the Italian bid, which was backed by the Italian government, gave the ATP stronger financial guarantees than the London hosting model, which was subject to fluctuations in the sponsorship market.
The Italian city also promised to raise prize money at the event. The prize purse for last year’s event in London was $9m (£6.95m/€8m); the prize purse for the first event in Turin will be a record $14.5m (£11.2m/€12.93m).
The winning Turin bid was put together by the Italian Tennis Federation and Sport e Salute SpA in partnership with the Italian Government, the municipality of Turin and Regione Piemonte. Last week The Times reported that the Italian government had provided a large portion of the guarantee of around £65m (€75m/$84.7m) for the five-year contract.
Turin also saw off competition from the English city of Manchester, the Japanese capital of Tokyo and Singapore who were all named on a candidate shortlist last December.
The move to Turin brings the ATP Finals to Italy for the first time in its 50-year history and makes Turin the 15th city to host the prestigious season-ending tournament since its inception in 1970.
The fact that London had retained the Finals for 12 years was unusual for a tournament that has traditionally moved around, and testament to the success the city had made of the event. A statement from world number 1 Novak Djokovic appeared to indicate that he was one of those voicing the need for a change.
“The ATP Finals is the biggest and most prestigious event that we have at the ATP. It’s a tournament that has historically moved around and so I’m very excited to see it move to Turin from 2021,” he said.
Chris Kermode, ATP executive chairman and president, said: “Italy provides us with one of the strongest and most established tennis markets in Europe and has a proven track record for hosting world class tennis events with the Internazionali BNL d’Italia in Rome, as well as the Next Gen ATP Finals in Milan.
“We’re delighted to expand on our successful partnership with the FIT and Sport e Salute SpA and we look forward to bringing the ATP’s flagship season-ending event to tennis’s growing fanbase in Italy for the first time.”