Published 14:53 IST, July 27th 2020
Nadal's deal with global car brand extended despite 27.8% drop in sales this year
Tennis legend Rafael Nadal has penned a five-year renewal with Kia Motors, despite the automobile company recording a massive slump sales due to COVID-19.
Advertisement
Spanish tennis ace Rafael Nal is one of greatest tennis players of all time and boasts of a record that speaks of itself. World No.2 has lifted a total of 19 Grand Slam titles, second only to rival Roger Federer's 20. Fondly regarded as 'King of Clay 'for his excellent record on clay courts, Spaniard over years has established himself as one of most marketable names in tennis and has been face of many brands over course of his career. While tennis season this year was suspended due to COVID-19 pandemic, 34-year-old continues to reign supreme off-court and signed a new deal to stay global brand ambassor of a global automobile brand for next five years.
Advertisement
Rafael Nal net worth: Kia Motors sign tennis ace despite a massive slump in sales
Kia Motors Corporation, major partner of Australian Open, has announced a five-year partnership renewal with tennis all-time great Rafael Nal via a global live stream training session hosted on his official Facebook page. renewal will see ir partnership extend beyond 20-year mark, with Kia Spain having signed Nal as a 17-year-old when he h just started his professional tennis career in 2004.
In span of next two years, Spanish ace became global ambassor for automobile company at age of 19. During live stream session, Nal took on a range of drills from knocking down targets from baseline to returning over balls with amazing trick shots, with fans having voted and tailored his session.
Advertisement
Speaking after event, Nal said that he was happy to put on a special event for his fans, with tennis being suspended amidst COVID-19 crisis. Speaking on Nal-Kia partnership, 34-year-old said that automobile company have played a major role during his career since signing him as a 170year-old, and he is excited to see what next five years bring both on and off court.
Advertisement
Kia Motors President and CEO, Ho Sung Song said that Rafa has inspired millions of people to play tennis, so at a time when he needs his fans most, company wanted to put m at heart of his training and encourage his successful return to competition. He said that company are excited about extending ir partnership for next five years and look forward to inspiring each or to continually move forward.
Nal-Kia renewal comes in despite company announcing a 27.8 per cent decrease in its global vehicle sales in Q2 2020, as COVID-19 pandemic struck auto demand around world. According to Automotive World, Kia Motors recorded sales revenue of KRW 11.37 trillion in Q2 of 2020, 21.6 per cent lower than KRW 14.51 trillion reported over same period last year. Operating profit slumped to KRW 145.1 billion, down 72.8 per cent year-on-year. Quarterly net profit dwindled to KRW 126.3 billion, 75 per cent lower than Q2 in 2019. Despite reduced sales in many regions, however, an improved product mix, coupled with favourable exchange rates, helped limit decline in revenue and profit as company’s latest SUV models proved popular.
Advertisement
Rafael Nal salary: Rafael Nal net worth
According to Celebrity Net Worth, Rafael Nal net worth figure stands at a whopping $180 million. Much of Rafael Nal net worth can be attributed to his endorsements and Nal salary he bags from his tennis career. 19-time Grand Slam champion is one of highest-paid sports superstars around globe and is globally ranked 37th and fourth among highest-paid tennis players according to Forbes. magazine estimates his total earnings at $37.3 million a year, which includes Nal salary of $4.3 million and his endorsements, which pay him around $33 million. magazine also pegged his total earnings from prize money at $121 million, has furr boosted Rafael Nal net worth numbers.
Disclaimer: above Rafael Nal net worth information is sourced from various websites and media reports. website does not guarantee a 100% accuracy of figures.
(Image Credit: Rafael Nal Instagram)
14:53 IST, July 27th 2020