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The ATP has announced that Milan, Italy, will host a new ATP tournament featuring the world’s top 21-and-Under singles players of the ATP World Tour season. The Next Gen ATP Finals will take place over five days at the Fiera Milano stadium from 7-11 November, 2017, and will remain in Milan for a five-year period, through 2021.

The Top 7 players in the race will qualify automatically, while the eighth spot will be reserved for a wild card.

“We’re delighted to bring this new world class event to Milan, Italy,” said ATP Chairman Chris Kermode. “The next generation of players coming through on the ATP World Tour is gathering huge momentum. This event will provide a platform for the stars of the future to showcase their talents on a global stage. We received significant interest from a number of cities worldwide, and we’re pleased to partner with the Italian Tennis Federation in Milan in this new venture.”

According to the ATP, the tournament will trial a number of rule changes and innovations, but they have made no specific announcement on them yet. “This event will also act as a launch pad for tennis innovation as we bid to make our sport more attractive to the changing consumer habits of the next generation of fans,” said Kermode.

According to the ATP, the event will award US$ 1.25 million in prize money, and will follow a similar format to the Barclays ATP World Tour Finals, with a round robin group stage followed by knock-out semi-finals and a final. While Emirates ATP Ranking points will serve as the criteria for entry, the tournament itself will not carry points.

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