Although the venue will change, the Miami Open will keep its long time sponsor Itaú for another five years.
Itaú, the largest privately-owned bank in Latin America, has been sponsoring the tournament since 2009. In 2014, the bank became the event’s presenting sponsor.
“The transformational power of sport is what has motivated us to invest in tennis for more than 40 years,” said Fernando Chacon, executive director at Itaú Unibanco.
This year’s tournament marked the end of its 32-year run on Key Biscayne.
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Next year’s matches will be held in Hard Rock Stadium’s tennis facility, which is still under construction. The new facility will have 30 competition and practice courts; an additional 2,700 parking spots; increased green space and shade; improved Wi‐Fi, media facilities, locker rooms and fitness space for players and tennis staff.
“We are excited that Itaú has decided to continue our partnership for another five years and be a part of ushering in a new era of the Miami Open at Hard Rock Stadium,” said James Blake, Miami Open Tournament director.
The Miami Open will be played from March 18‐31, 2019. The tournament averages more the 300,000 guests each year with broadcasts in 192 countries worldwide.