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ATP Finals moving from London to Turin in 2021

The ATP Finals are moving from London to Turin, Italy, in 2021.

The tour announced Wednesday that Turin will host the prestigious indoor event through 2025, with the matches played inside the 15,000-seat Pala Alpitour arena.

The Italian city beat out four other cities that bid for the tournament: Singapore, Tokyo, London and Manchester, England.

"Our congratulations to Turin on putting together such a comprehensive and impressive bid," ATP president Chris Kermode said. "Italy provides us with one of the strongest and most established tennis markets in Europe and has a proven track record for hosting world class tennis events."

Held each November, the ATP Finals is the season-ending event for the top eight men's singles players and doubles teams.

"The ATP Finals is the biggest and most prestigious event that we have at the ATP. It's a tournament that has historically moved around and so I'm very excited to see it move to Turin from 2021," said top-ranked Novak Djokovic, a five-time winner of the event.

The tournament will have a record prize purse of $14.5 million in 2021, the ATP announced.

--Field Level Media