After weeks of uncertainty regarding the future of the ATP Portugal Open. The Portuguese minister of Trade and Sport, Emídio Guerreiro, have confirmed that the event will continue for at least the next three years in an interview with Portuguese newspaper Publico that was published today.
Speaking to Jorge Miguel Matias and Paulo Curado, Guerreiro said that there is now more interest in organising the event and that the event will happen for at least the next three years. “I can guarantee that the event will continue to happen in Portugal”
“What I can guarantee is that the Open will continue to be held in Portugal on the dates specified and without public funds.
There is now more interest in organizing the tournament and as a result the event will be guaranteed for at least three years”. In October, the tournament officially cancelled the women's event due to a lack of finance and the state of the national economy.
Portugal ended a three year eurozone bailout period back in May in which they receive 78bn euro (£63bn) in loan guarantees from the European Union and International Monetary Fund. Since then their economy has improved with a 0.2% growth in their economy during the third period of 2014.
These factors has lead to numerous rumours circulate about the event potentially being cancelled due to financial difficulties until today's announcement. The ATP Portugal Open is currently categorised as a 250 event and has been since 2009.
It has held tournaments annually since 1990 with past winners including Carlos Moya (2000), Novak Djokovic (2007), Roger Federer (2008) and Juan Martin Del potro (2011 and 2012). At this years event Carlos Berlocq came from a set down to shock Tomas Berdych and claim the second ATP title of his career.