The tournament which began in 1970 was originally known as the Masters Grand Prix and was part of the Grand Prix Tennis Circuit which was organised by the International Lawn Tennis Federation (ILTF)
In 1990 ATP took over the running of the men's tour and replaced the Masters with the ATP Tour World Championship
The ITF, who continued to run the Grand Slam tournaments, created a rival year-end event known as the Grand Slam Cup, which was contested by the 16 players with the best records in Grand Slam competitions that year
In December 1999, the ATP and ITF agreed to discontinue the two separate events and create a new jointly-owned event called the Tennis Masters Cup. As with the Masters Grand Prix and the ATP Tour World Championships, the Tennis Masters Cup was contested by eight players
In 2009 the Masters was renamed to the ATP World Tour Finals and got scheduled to be held at 02 Arena in London, United Kingdom from 2009 to 2013.In 2012 the organisers extended the contract by two years up to 2015
Tournament Format
Eight players are divided into two groups of four and play three Round-Robin matches each against the other three players in their group. From there, the two players with the best records in each group progress to the semifinals, with the winners meeting in the final to determine the champion
Prize Money
| Stage | Singles | Doubles1 | Points |
|---|---|---|---|
| Undefeated Champion | $1,630,000 | $287,500 | 1,500 |
| Final win | $770,000 | $125,000 | 500 |
| Semifinal win | $380,000 | $30,000 | 400 |
| Round Robin win per match | $120,000 | $22,500 | 200 |
| Participation fee | $120,0002 | $65,0003 | – |
| Alternates | $70,000 | $25,000 | – |
Most Titles
Roger Federer(Swiss)has won the Singles Title 6 Times(2003,2004,2006,2007,2010 & 2011)
2012 Champions
Men's Singles
Novak Djokovic(Serbia)beats Roger Federer(Swiss)7-6,7-5
Men's Doubles
Marcel Granollers(Spain)& Marc Lopez(Spain)beats India's Mahesh Bhupathi & Rohan Bopanna 7-5,3-6,10-3
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