Madrid City Council has agreed a deal to retain its ATP and WTA tennis tournaments, according to multiple reports, with the contract to include expansion of La Caja Mágica, the home of the events.

The city’s current contract with promoter Ion Tiriac was due to expire in 2021, but Spanish news agency EFE said a 10-year extension has now been agreed that will keep the Madrid Open, one of the leading events on the men’s and women’s calendar, in the capital until 2031.

An official presentation for the deal was scheduled for yesterday (Tuesday) only to be postponed. A new date for the event has yet to be disclosed.

Tiriac has previously threatened to move the tournament to another European city. La Caja Mágica, or The Magic Box, has been home of the Madrid Open since it opened in 2009.

It was reported in January that the expansion plan entails the development of a new 7,500-capacity stadium, along with four new outdoor courts and a covered sports court for the neighbourhood of San Fermín (Usera) in which La Caja Mágica is located.

Image: Madrid Open