Breaking news

Rafael Nadal retires from tennis at the end of the 2024 season

The Spanish legend will end his professional career at the Davis Cup final, reports ATP.

KEY FACTS

  • Rafael Nadal announced that he will retire at the end of the 2024 season on social network X. “Hello everyone, I am here to inform you that I am retiring from professional tennis,” Nadal said in Spanish in the video.
  • The 38-year-old Spaniard will participate in his last. professional Davis Cup finals tournament in Malaga from November 19 to 24.
  • Rafael Nadal is a 92-time tour-level champion, and spent 209 weeks at No. 1 in the PIF ATP rankings.
  • He is a 22-time winner of Grand Slam titles, which includes a record 14 Roland Garros crowns.

KEY QUOTE

“Obviously this is a difficult decision and it took me a while to make it, but in this life, everything has a beginning and an end and I think the time is right to end a career that has been long and far more successful than I could have imagined.”

WHAT TO WATCH FOR

Nadal will end his storied career on home soil in Malaga, where he will be part of Spain’s Davis Cup squad, which also includes Carlos Alcaraz. The host nation play their quarter-final match against the Netherlands on Tuesday 19 November at 17:00 local time. “I am very excited that my last tournament will be the final of the Davis Cup and the presentation of my country,” said the tennis player.

“I think I’ve come full circle because one of my first great joys as a professional tennis player was the Davis Cup final in Seville in 2004. I feel super, super lucky for all the things I’ve been able to experience.” Nadal, who is 12-7 so far in 2024, went on to thank his ATP Tour rivals, his team and his family (including his uncle and former coach Toni Nadal). Although his body has rarely allowed him to compete at full fitness over the past two seasons, the Spaniard’s characteristic dedication to the sport has not waned. He attributes part of his desire to continue playing for so long to the advent of his son, Rafael. “Coming home and seeing my son grow every day was the force that really kept me alive and with the energy to continue,” says the Spaniard.

SPANISH LEGEND

Rafael Nadal is extremely popular among fans all over the world. His powerful left-footed strokes, combined with his almost unrivaled desire to compete and his role as part of the ‘Big Three’ alongside Roger Federer and Novak Djokovic, mean that he will end his career as one of the greatest icons of tennis.

“Finally, you the fans – I can’t thank you enough for what you made me feel,” Nadal said at the end of the video. “You gave me the energy I needed at every moment. Really everything I experienced was a dream come true. I leave with the absolute peace of mind that I have given my best and that I have made an effort in every way. I can only end with a thousand thanks to everyone and see you soon.”

FORBES ESTIMATES

According to our estimates, Nadal is the sixth highest-paid tennis star in 2024 with an income of $23.3 million. About $23 million of that amount is off-court income from various endorsement deals, as injuries kept him out of most major tournaments this past year. The exception is the French Open, where he lost in the first round to Alexander Zverev.

Greek Retail Powerhouse Expands Into Six Strategic International Markets

Greek retail titan Jumbo has announced an ambitious expansion strategy that positions the company to extend its international footprint beyond its established strongholds in Cyprus and Southeast Europe. In a strategic agreement with the Balfin Group, the retailer is set to penetrate six new markets, including Ukraine, Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan.

Strategic Global Expansion

The agreement builds on the existing cooperation between Jumbo and Balfin Group, which previously supported the retailer’s expansion into markets including Albania, Kosovo, Bosnia and Herzegovina, Montenegro and Moldova. According to the company, the next phase of expansion will include a greater degree of local operational management across the new markets.

Enhanced Logistics And Supply Chain Capabilities

To support the expanded international network, Balfin Group is also developing a new central logistics hub in China. The facility is expected to strengthen sourcing, warehousing, transportation and distribution operations across the Caucasus region, Central Asia and Ukraine. Previously, Jumbo relied primarily on logistics infrastructure based in Greece to support franchise operations across Southeast Europe.

Sustainable Growth And Robust Financial Foundation

Alongside its franchise expansion strategy, Jumbo continues focusing on organic growth across existing markets. The retailer currently operates 89 physical stores, including 53 in Greece, six in Cyprus, 10 in Bulgaria and 20 in Romania, in addition to its e-commerce operations. A new store in Baia Mare is expected to open by the end of October.

Jumbo also operates 46 franchise stores across seven countries, including Albania, Kosovo, Serbia, North Macedonia, Bosnia and Herzegovina, Montenegro and Israel. According to the company, its expansion strategy continues to be supported by strong liquidity levels and the absence of bank borrowing.

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