Billionaire heiress withdraws from tennis event – Sports News
Emma Navarro has been pressured to tug out of the Charleston Open, her hometown event, which is owned by her father, Ben Navarro. The former world No. 8 has struggled to recapture her peak efficiency not too long ago, sliding out of the world’s prime 25.
In an emotional announcement relating to her absence from subsequent week’s WTA 500 competitors, Navarro shared she had been grappling with health considerations over the previous yr. Tournament officers launched a assertion from the Charleston native on Thursday. “I’m super disappointed to not be playing the Charleston Open this year,” the U.S. tennis star’s assertion learn. “This tournament means so much to me, and I never take for granted the opportunity to play at home in front of my family, friends, and the Charleston community, whose support is overwhelming and unconditional.
“I’m working intently with my medical doctors and workforce to really feel the best I can, however I simply need a bit more time in doing so,” Navarro continued. “I really feel optimistic that I’ll be back on court docket quickly within the coming weeks and I’m already trying ahead to competing in Charleston subsequent yr!”
It marks the primary event Navarro will probably be absent from the Charleston Open since making her event debut as a wildcard entrant in 2019. That look additionally served as her WTA Tour debut. Last yr, the American superior to the quarter-finals earlier than falling to Amanda Anisimova.
Navarro’s father, Ben, took possession of the event in 2018 after buying Charleston Tennis LLC. In 2021, it was introduced that Credit One would change into the new title sponsor of the event.
Ben is the founder and CEO of Sherman Financial Group, which owns Credit One Bank. Forbes estimates Navarro’s father’s internet value at $3.2 billion. This yr is especially thrilling for the Charleston Open, as Ben introduced earlier a report prize-money and player-benefits pot of $2.5 million.
Out of this, $2.3 million will go in the direction of the prize money purse, with the rest being distributed as participant advantages. The singles champion will obtain $354,345, a vital increase from final yr’s $164,000.
That is more than double the required prize money for a 500-point event on the WTA Tour, making the Charleston Open the primary standalone WTA 500 event to realize equal prize money with comparable ATP 500 occasions on the lads’s ATP Tour.
The Charleston Open is set to start subsequent week. Jessica Pegula is the reigning champion, with Amanda Anisimova, Belinda Bencic, and Madison Keys additionally listed as contributors.
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