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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.

Rolls-Royce Raises Guidance As Defense And Power Systems Drive Growth

Rolls-Royce raised its full-year profit and cash flow guidance after reporting stronger-than-expected first-half results, supported by growth across its civil aerospace, defense and power systems businesses.

Underlying operating profit rose 46% year on year to £2.5 billion ($3.3 billion) in the first six months of 2026, while revenue increased more than 24% to £11.3 billion.

The company now expects full-year underlying operating profit of £4.7 billion to £4.9 billion, up from previous guidance of £4 billion to £4.2 billion. It also raised its free cash flow forecast to £3.8 billion to £4 billion, compared with £3.6 billion to £3.8 billion previously.

Shares rose as much as 6% in early trading before paring gains to trade about 4% higher.

Data Center Demand Supports Power Systems

Chief Financial Officer Helen McCabe told CNBC that orders in Rolls-Royce’s data center power business increased by more than 50% in the first half as operators invested in backup and on-site power systems.

The company has benefited from growing demand for power infrastructure as data center operators expand capacity.

Defense Spending Provides Additional Support

McCabe also said Rolls-Royce expects to benefit from higher defense spending in the U.K. and across NATO countries. She cited the U.K.’s long-term defense investment plan, which provides funding visibility through 2030 and beyond.

“We’ve had very positive initial conversations with the new government,” McCabe said, adding that the company supports its focus on growth, defense and industrial manufacturing.

Turnaround Continues

Chief Executive Tufan Erginbilgic said the company’s transformation strategy continued to deliver results. “Our transformation continues to deliver,” he said in a statement. “We have unlocked new growth opportunities across the Group.”

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