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Maria Sharapova got knocked out of the U.S. Open yesterday, a tournament she could have won to jump back on her winning track.
With Venus Williams, Petra Kvitora, and Li Na out of the tournament victory was getting easier and easier for Sharapova.
But she blew it yesterday in a match against Flavia Pennetta.
Let's hope after this fall, she picks back up again.
Maria Sharapova was born in Serbia, on April 26, 1987, almost exactly one year after the Chernobyl nuclear meltdown occurred and forever changed the landscape of Eastern Europe. Soon after Maria was born the Sharapova family moved the town of Gomel, Belarus until fallout from the disaster affected the town forcing them to move to Sochi.
It was in Sochi that Maria's father became close with the father of Yevgeny Kaflnikov, the first Russian tennis player to be named number one in the world.
Maria received her first racket from Yevegeny's father in 1991 and she immediately showed that she may have a future with the sport.
When she was seven years old, Maria participated in a tennis camp run by Martina Navratilova. At Navratilova's recommendation, Sharapova and her family made the decision to try and study under tennis trainer extraordinaire Nick Bollettieri in Florida.
In 1994, unable to speak a word of English and with little money, the Sharapova's moved to the Sunshine State without Maria's mother who was delayed for two years due to Visa issues. Maria's father worked various low-wage jobs to pay for her lessons until she was old enough to be admitted to the Bollettieri's academy.
In 1995, a nine-year-old Maria got a huge break when IMG signed her to a deal that would pay off the costs for tuition at the academy.
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Published: April 2011
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First-half profits announced as media buying group plans to free up more than £400m for acquisitions after offloading Synovate
Aegis Group has reported a 20% rise in underlying pre-tax profits to £58.9m in the first half of 2011, as the media buying group prepares to free up more than £400m for acquisitions after offloading research division Synovate.
The company, which owns media buying agencies Carat and Vizeum and digital network Isobar, reported a 7.3% year-on-year increase in organic revenue growth to £756.8m in the first six months.
Aegis Media, the media buying rump of the company that will continue to operate after Synovate's sale to French firm Ipsos is completed at the end of next month, reported organic revenue growth of 7.8%. Aegis is in the final stages of selling Synovate to Ipsos for £525m.
The media buying business expects the third quarter to grow at about the same rate and the full-year figure to be "at least" in line with the 5.8% year-on-year revenue growth the company reported in 2010.
Aegis is expected to earn £505m from the Synovate deal. It intends to give £200m back to shareholders ? about £53m will go to the largest shareholder, Vincent Bolloré, who holds a 26.5% stake ? leaving proceeds of about £300m. Analysts at UBS estimate that as much as £280m of that will be used for acquisitions.
It is understood that because of Aegis's low net debt to earnings ratio ? which governs the financial flexibility it has to raise debt within its banking convenants ? the group considers it has a warchest of available funds of well over £400m.
"Our investors have approved the sale of Synovate, our market research business, representing the largest structural change in the history of Aegis Group," said Jerry Buhlmann, chief executive of the group. "Once the sale is completed, Aegis will become a more focused group, with the opportunity to accelerate further the delivery of sustainable, profitable growth, and increased financial flexibility to make targeted acquisitions."
The company said that it has made 11 acquisitions so far this year spending a total of £65m. Net debt was £393m at the end of June.
Sir Martin Sorrell's WPP said on Wednesday that it is doubling its acquisition budget to £400m this year.
The Aegis Media division grew revenues by 7.6% year on year in the first half of 2011 to £487m, driven by strength in its North American business and fast-growing markets, in particular China, Brazil and Russia. Digital revenue accounted for 34% of total revenues at Aegis Media.
Aegis Media's operations in Europe, the Middle East and Africa grew revenue by 3.7% year on year to £290.7m. The Americas grew by 11.3% to £97.7m and Asia Pacific by 113% to £98.7m.
The Asia Pacific figures were dramatically increased due to the acquisition of Australia's largest marketing company, Mitchell Communication Group, in an A$363m (£208m) deal last July.
When the impact of the Mitchell business is stripped out, to give a true year-on-year comparison, the Asia Pacific division still reported strong revenue growth of 17% year on year in the first half.
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Source: http://www.guardian.co.uk/media/2011/aug/25/aegis-group-profit-rise
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