Itau Unibanco Announces it has Renewed its Sponsorship of the Miami Open Until 2028

Mar. 19, 2024

With a solid, long-lasting partnership of 17 years, Itau Unibanco announces the renewal of its sponsorship contract for the Miami Open that will last until 2028. This tournament is part of the ATP 1000 category, a series of tennis tournaments on the Professional Tennis Players Association circuit. The bank remains the presenting sponsor of the next five editions, maintaining the "presented by Itau" category. To celebrate this feat, a new tradition will be introduced in the tournament this year: the First Serve, that is, the first inaugural serve in the history of tennis to be struck by athlete Rafael Padilha, from the Rede Tenis Brasil (Tennis Brazil Network) project, supported by Itaú Unibanco. This initiative, orchestrated by the GALERIA.ag agency, will take place on March 20 at 11:35 am ET, just after the qualifying stage, which marks the beginning of the tournament.

Born in the city of Porto Alegre, Padilha took up tennis at just nine years of age and had his first contact with the sport through this initiative. The eldest of seven siblings, Padilha was the top player in the state ranking for two successive years in the under 12, 14, 16 and 18 categories, playing in Brazilian and ITF Juniors tournaments, such as the Banana Bowl and the Brazil Juniors Cup. Still through the project, in 2023 he went into the backstage of the Miami Open tournament, practiced on its courts, and met some of his main idols - among them, Carlos Alcaraz, currently the world’s number 2, and Brazilians Bia Haddad and Thiago Monteiro.

Eduardo Tracanella, Itaú Unibanco’s Chief Marketing Officer said:

"We believe that sport has the power to change people's lives. That’s why it’s such a strong pillar of activity at Itaú. Our support ranges from projects that use sport as a means to develop Brazilian children and youngsters to those focused on high performance, such as the Miami Open. We support social actions such as Rede Tenis Brasil, Bola Dentro (Ball In), Instituto Guga Kuerten and Tenis para Todos Paraisópolis (Tennis for all Paraisópolis). We are also proud to support the talented Brazilian tennis player Bia Haddad since 2023, showcasing our commitment to helping the sport grow in Brazil and promoting the development of young athletes."

 

Josh Ripple, Senior Vice President, Tennis Events, IMG said:

"Itau has been an exceptional partner for the Miami Open over the past 15 years including as a presenting sponsor since 2015, and it has been a critical part in the evolution of the tournament. We’re thrilled to continue our relationship with them for an additional four years, and we look forward to working together to foster further growth and innovation for this milestone event."

 

Itau Unibanco's relationship with tennis dates back to the 1970s, with Itaú Tennis Cup, and aims to operate in all areas of the sport: educational, youth development and high performance. By renewing this commitment, the bank reaffirms its support for the values and traditions of sport in Brazil, consolidating its presence in the international tennis arena and showcasing mutual trust and determination to promote high-performance tennis. This year, Itaú Personnalite's presence is expanded with an exclusive lounge with a view of the main courts, equipped with a bar, tables, armchairs to relax and the presence of a DJ, as well as an interactive photo space.

First Serve: a new tradition started by Itaú at the Miami Open

From the alleys of Vila Kédi in Porto Alegre, Rafael Padilha is an outstanding athlete coming through the project. At the age of 9, he had his first contact with tennis through the Rede Tenis Brasil project. The path taken by this young man has led him directly to a position of high responsibility at the next Miami Open: he'll make the tournament’s first serve, an unprecedented feat in the history of world tennis, and just led by Itaú.

Inspired by players such as Bia Haddad and Carlos Alcaraz, Rafael faces challenges in Brazilian and ITF Juniors tournaments, including renowned competitions such as the Banana Bowl and the Brazil Juniors Cup. Padilha also invests time in studying English to try for a scholarship at a U.S. university.

Tracanella added:

"He's not only a talented competitor on the courts, but also a young man who understands the importance of dedication and education to progress. We are proud, here at Itau, to support projects that boost opportunities through sport."

 

The 2024 Miami Open is held at the Hard Rock Stadium, the home of Miami Dolphins and the F1 Miami Grand Prix (U.S.), and is scheduled for March 17 – 31, 2024. The world's best-ranked tennis players have already confirmed presence, including Bia Haddad, sponsored by Itau Personnalite and the first Brazilian to rank among the world's top 15 in her category. During this year's tournament, Itaú will offer the public a lounge equipped with a bar, tables, lounge chairs and a DJ, as well as an interactive photo space and tennis clinics with top players.