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How Does Agassi Invest $31 Million In Career Prize Money?

  • Posted: Feb 28, 2019

How Does Agassi Invest $31 Million In Career Prize Money?

Tennis legend shares investment secrets in new interview

During his ATP Tour career, Andre Agassi played a strategic brand of baseline tennis that always saw him thinking two steps ahead. It’s no surprise that quality has carried into his investment strategies.

The former World No. 1 opened up in a recent interview about how he has invested his more than $31 million in career prize money – plus a hefty sum in endorsement deals – in order to maximise his net worth while positively impacting the lives of others.

“I bet on people, not on things,” said Agassi to the Economic Times. “A good idea can get screwed up and an average idea can become something really special because of people.”

But while Agassi was never afraid to gamble down break point or at 4-4 in a final set, his investment strategy is more conservative. He told the Economic Times that he opts for a clear risk approach that “may not see 10-12 per cent returns every year, but also [won’t] drop in value by 20 per cent.”

Although clear risk strategies are often seen as a hands-off approach, Agassi is far from that when it comes to his finances.

“I have my more high-risk investments that I personally engage with. Outside of that, I am happy to listen to any investment as a passive investor,” he said. “But there are one or two areas that I really connect with – like maybe education or sports – where I take a much more aggressive position [and] invest my time and money.”

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Agassi has been betting on people through education for nearly 20 years. In 2001, his foundation launched the Andre Agassi College Preparatory Academy, a public charter school in his hometown of Las Vegas. He has since teamed with an investment fund and helped finance the building of more than 90 charter schools across America in the past five years.

The tennis legend isn’t shy to admit his eighth-grade dropout status and said he hopes to prevent others, even those with the same athletic aspirations as his, from going down the same path.

“Education endows you with choice. My lack of education was probably the greatest vehicle to my commitment and interest In education,” he said. “[If] you’re successful in sports, but you spent a third of your life not preparing for the remaining two-thirds… that’s not ideal.”

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Roger Federer claims his 50th win in Dubai to reach quarter-finals

  • Posted: Feb 27, 2019

Roger Federer claimed his 50th win of the Dubai Tennis Championships by beating Spain’s Fernando Verdasco in three sets to reach the quarter-finals.

Federer moves a step closer to his 100th ATP singles title with Wednesday’s 6-3 3-6 6-3 victory.

The 20-time Grand Slam winner, 37, will face Hungarian world number 35 Marton Fucsovics for a place in the last four.

Meanwhile, there was a shock defeat for top seed Kei Nishikori against Polish qualifier Hubert Hurkacz.

Hurkacz converted six out of seven break points to beat his Japanese opponent 7-5 5-7 6-2.

If Federer claims a record eighth title in Dubai, he will claim a century of ATP victories, with only American Jimmy Connors ahead of him on 109.

Fucsovics set up his quarter-final against second seed Federer with a 6-4 6-2 win over Germany’s Jan-Lennard Struff.

Frenchman Gael Monfils eased to a 6-3 6-2 win over Marcos Baghdatis of Cyprus, while Spain’s Roberto Bautista Agut was beaten by Georgian Nikoloz Basilashvili 6-7 (2-7) 6-4 6-3.

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Sharapova has 'small procedure' on injured shoulder

  • Posted: Feb 27, 2019

Maria Sharapova has withdrawn from March’s Miami Open after having a “small procedure” on her shoulder.

The five-time Grand Slam champion, 31, has struggled with an injury to her right shoulder since last summer.

She previously withdrew from January’s St. Petersburg Ladies’ Trophy and next month’s BNP Paribas Open in Indian Wells, California.

“I am incredibly committed to getting back strong,” said Sharapova in a “little update” on Instagram.

“More importantly, without the pain I was playing with at the beginning of this year.”

Sharapova – who has previously had shoulder surgery – beat defending champion Caroline Wozniacki to reach the fourth round of the Australian Open in January before losing to Ashleigh Barty.

She had been building up the strength in the muscles surrounding the shoulder and the shoulder blade since the US Open last August, where she exited in the last 16.

“For 10 weeks post US Open, I focused on getting my rotator cuff and scapula strong to support a surgically repaired fraying tendon and a small labrum tear,” she said.

“Although my shoulder got strong, it didn’t help the pain on impact.

“After a few different opinions in a few different countries, last week I had a small procedure done, which will take a few weeks to heal.”

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Federer Maintains Historic Bid, Battles Past Verdasco In Dubai

  • Posted: Feb 27, 2019

Federer Maintains Historic Bid, Battles Past Verdasco In Dubai

Swiss improves to 7-0 lifetime against Verdasco

Seven-time former champion Roger Federer recorded his 50th match win at the Dubai Duty Free Tennis Championships on Wednesday night with a hard-fought 6-3, 3-6, 6-3 victory over Fernando Verdasco, the 2017 finalist, in one hour and 35 minutes.

“I’m happy I actually stayed calm throughout the game. I felt like I was having a good feeling out there. Even though I wasn’t playing my best, I still felt like it was going to fall my way when it really mattered. I think that confidence is kind of important in sports or in tennis. I’m happy I had it today… I played good at the end. I had the serve when I needed it, had some good shots, a good point on break point when I needed it. That was nice to win it that way.”

Federer, who was informed on court that it was his 50th victory, in Dubai admitted, “I was like, ‘Phew, 50, a lot of tennis here in Dubai. I’m very happy. It’s a big number. I’m not sure if I’m going to get to 100. Let’s put it that way (smiling).”

By moving to within three victories of capturing the 100th trophy of his career, Federer will next challenge Hungary’s Marton Fucsovics, who was a 6-4, 6-2 victor over Jan-Lennard Struff of Germany earlier in the day. Federer beat Fucsovics in their only FedEx ATP Head2Head series meeting at the 2018 Australian Open.

“I know Marton quite well actually,” said Federer. “He came to Zurich to train with me. He was nice enough to come there. I don’t remember how long we spent, but a few days practising together there. We had a great time. Then, I played him at the Australian Open last year. [It was a] good match… He’s improved. He likes the fast surfaces. He likes to play up in the court. He has the power when required. I think it’s going to be definitely a match that’s going to test me tomorrow.”

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In their first meeting for four years (2015 Dubai), Federer mixed up his service placement and tactics to keep Verdasco on the back foot. Verdasco double faulted to gift Federer a 3-1 advantage and was tentative on serve at 2-5, when the Spaniard recovered from 0/30. Federer, who lost five of his service points in the 28-minute opener, closed out when Verdasco hit a backhand return into the net.

In a dramatic reversal, centred largely on Federer moving away from serving to Verdasco’s slice backhand, the momentum of the match shifted. Verdasco saved a break point in the first game of the second set and soon found himself with a 3-0 lead. Federer continued to serve and volley off his first delivery, but Verdasco held his nerve to win his first set against the second seed since November 2009 at the Nitto ATP Finals (Federer won 4-6, 7-5, 6-1).

Federer looked to stamp his authority on the third set, early on, but Verdasco’s serve had great fluency and his movement on the baseline had improved. Federer saved one break point at 1-1, 30/40, and then held to love in his next two service games. A net cord winner for Federer at 4-3, with Verdasco serving at 30/30 set up a break point, which resulted in a 26-stroke rally. He is now 50-6 overall in Dubai.

“These best-of-three set matches, you’re not always in control of everything because, like you saw at the end, a good five minutes from your opponent or a good five minutes from you can decide the outcome of the match,” said Federer. “You’re definitely living on the edge at some point in the match. This is how it is.”

The 37-year-old Federer is attempting to become the second man in the Open Era to capture 100 singles title (after Jimmy Connors, 109). The Swiss superstar, the champion at the Aviation Club in 2003-05, 2007, 2012, 2014-2015, improves to a 5-1 record in 2019.

Earlier in the day, Georgia’s Nikoloz Basilashvili broke a two-match losing streak against defending champion Roberto Bautista Agut of Spain 6-7(2), 6-4, 6-3 in two hours and 12 minutes. He awaits the winner of sixth-seed Croatian Borna Coric and 2013-14 finalist Tomas Berdych, who play later today.

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Stefanos Tsitsipas: Greek star to play Fever-Tree Queen's Championships

  • Posted: Feb 27, 2019

Stefanos Tsitsipas will make his debut at Queen’s Club this summer as part of his Wimbledon preparations.

The 20-year-old Greek, who knocked Roger Federer out of the Australian Open last month, will be joined by defending champion Marin Cilic.

The Fever-Tree Championships take place between 17-23 June.

“Stefanos was at the top of our list when it came to adding new names to the line-up in 2019,” tournament director Stephen Farrow said.

“Every year we try to put together a mix of established champions and rising young stars.

“He connects with fans wherever he goes and we can’t wait to see him on grass at The Queen’s Club.”

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BBC Sport will have live coverage from the west London club across television, radio and online.

British number one Kyle Edmund is also set to play, while the future of Andy Murray – who has a career-long commitment to the ATP 500 event – is in doubt after he had surgery on his hip last month.

Wimbledon starts at the All England Club a fortnight later on 1 July.

“So many great champions have lifted the trophy over more than a hundred years,” world number 11 Tsitsipas, who won his first ATP title of the year in Marseille last week, said.

“I am looking forward to having my own chance to compete on grass for the title in June.”

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Mexican Open: Johanna Konta, Cameron Norrie & Rafael Nadal win

  • Posted: Feb 27, 2019

Britain’s Cameron Norrie and Johanna Konta both won to reach the second round of the Mexican Open.

Norrie, 23, beat Japan’s Yoshihito Nishioka 6-2 2-6 6-2, while Konta, 27, overcame Germany’s Laura Siegemund 6-3 6-2 in Acapulco.

Spain’s Rafael Nadal beat Germany’s Mischa Zverev 6-3 6-2 in his first match since losing the Australian Open final in January.

Nadal has reached the Mexico Open final in his three previous appearances.

“I’m happy for the victory. It’s never easy against Mischa, especially without competing for a while,” said 32-year-old Nadal, who will next face Australian Nick Kyrgios.

“This tournament is hard and there’s a lot of great players, so these kinds of matches can happen in the early stages.

“Nick is one of the most talented players on tour. It’s a big challenge for me and I hope to be ready for it.”

Zverev’s brother Alexander, the second seed, lost only one point on serve in a dominant 6-3 6-3 win against Alexei Popyrin.

Third seed John Isner served 18 aces in a 6-3 4-6 6-3 victory over France’s Adrian Mannarino.

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Norrie, the British number two and world number 64, beat Nishioka in two hours and 18 minutes to set up a meeting with fourth seed Diego Schwartzman of Argentina.

Eighth seed Konta, ranked 45 in the world, needed an hour and 11 minutes to see off Siegemund, her doubles partner, who is ranked 60 places below her.

Konta, who did not face a single break point, broke early in the opening set and twice in the second before sealing the win on her first match point.

In the third round, she will face Russian world number 167 Varvara Flink, who went through after Amanda Anisimova retired.

Australian Open semi-finalist and second seed Danielle Collins was beaten 6-1 6-2 by former world number one Victoria Azarenka of Belarus.

In the opening round of the men’s doubles, top seeds Jamie Murray of Britain and Brazilian Bruno Soares suffered a 6-2 7-6 (7-4) defeat by Sweden’s Robert Lindstedt and American Frances Tiafoe.

Meanwhile, at the Dubai Duty Free, Britain’s Dom Inglot and Croatia’s Franko Skugor lost 6-2 6-2 to Japan’s Ben McLachlan and Jan-Lennard Struff of Germany in the men’s doubles.

But Briton Joe Salisbury and American Rajeev Ram, the fourth seeds, reached the quarter-finals with a 6-2 6-1 success over Russians Karen Khachanov and Daniil Medvedev.

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