Sport in Madrid basketball, with two clubs in the country's top-level Liga ACB. Real Madrid's basketball section has won 30 Spanish League championships, 22 Spanish Cup championships, 8 Euroleague Championships, 4 Saporta Cups, 4 Intercontinental Cups and have won 2 Triple Crowns. Madrid's other professional basketball club is Estudiantes that have won 3 Spanish Cup championships. Madrid hosts the Mutua Madrileña Madrid Open. The tournament is classified as an ATP World Tour Masters 1000 event on the Association of Tennis Professionals tour, and a Premier Mandatory event on the Women's Tennis Association tour. Caja Mágica (The Magic Box, and also known as the
Raimundo Saporta Pavilion in honor of the club director who had died in February 1997. The pavilion had increased seating capacity of 5,200 seats. The bad economic situation of the club forced club president Florentino Pérez to sell the lands on which the Sports city was located for an estimated 188 million euros in November 2001. The demolition of the arena took place in August 2004, and Real Madrid moved its home games to Palacio Vistalegre. The former site of the Sports city and the Raimundo Saporta Pavilion is now used for the Four Towers Business Area, an Important business park. Raimundo Saporta