WASHINGTON: Washington, D.C.-based venture capitalist, entrepreneur and civic leader Mark Ein Tuesday announced that the Citi Open tournament will remain in the US capital, after closing a deal to acquire the management rights of the Citi Open from the Washington Tennis & Education Foundation (WTEF), a non-profit which provides free tennis and educational programs for children in underserved communities.
While terms for the management deal were not disclosed, Ein has the option to buy the tournament within five years.