It's a Done Deal.
The Regions Morgan Keegan and Cellular South Cup Tennis Tournaments are sold to an out of town investment Group.
But, that group is also buying the Racquet Club where the events are played, so the tournaments are staying put right here in Memphis.
Greg Jamison, President and CEO of Silicon Valley Sports and Entertainment made the announcement Today at the Racquet Club of Memphis.
The San Jose based company is heavily involved in Sports properties in Northern California, including managing the NHL's San Jose Sharks, and the ATP Men's tour SAP Open played in San Jose's HP Pavillion.
Jamison says support for Pro Tennis in Memphis is very strong, and his company has an open ended agreement to keep it here.
Former Racquet Club Owner Mac Winker will stay on as a consultant.
Jamison says Tennis Hall of Famer Pete Samprass has signed on for an exhibition match at the Club..
And Top 10 Ranked James Blake will play in the Men's Tournament.