PIF denies it has made $2bn ‘take-it-or-leave-it’ offer to unite tennis tours

Action from the Diriyah Tennis Cup in Riyadh, Saudi Arabia back in 2022 - Saudi Arabia is expected to be confirmed as the new hosts of the end-of-season finals for both the WTA and ATP tours. Photograph: Alexander Scheuber/Getty Images for MatchMakerSaudi Arabia’s Public Investment Fund has distanced itself from reports that it has made a $2bn “take-it-or-leave-it” offer to unite tennis’s ATP and WTA Tours, insisting it has no intention of disrupting the sport.

PIF has declined to comment on the reports but sources have denied there is a deadline and stressed speculation about any offers are premature as talks continue with the various bodies. Saudi sources also dismissed suggestions that PIF is trying to “buy tennis”, stressing that it wants to be part of the “existing ecosystem” of the sport.

But unlike in golf, where the PIF-backed LIV Golf Series has proven to be a major disruptor of the status quo, Saudi Arabia’s approach to tennis, those involved stress, is to be collaborative; working with the existing governing bodies as part of attempts to grow participation among the general population in the kingdom.

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