HomeTennisSaudi Arabia PIF launches bombshell takeover bid of WTA and ATP tours,...

Saudi Arabia PIF launches bombshell takeover bid of WTA and ATP tours, Premium Tour, grand slams

Saudi Arabia has reportedly made a bombshell $2 billion USD ($A3bn) offer to unite the men’s and women’s tennis tours, according to The Telegraph.

The offer was reportedly tabled to the nine ATP Masters 1000 tournament bosses on Saturday, and has a 90-day expiration date – pushing the tours to make a decision quickly on whether they will follow the Saudi offer, or accept a rival ‘Premium Tour’ plan led by the four grand slams.

According to the Telegraph, the deal would see Saudi Arabia host a Masters 1000 tournament in the first week of the season – directly rivalling the mixed-gender United Cup team competition that is currently hosted in Australia in the lead-up to the Australian Open.

Tennis Australia boss Craig Tiley “strongly opposed” that idea which has been pushed for over a year, the Telegraph claims.

Saudi Arabia’s PIF and the ATP recently announced a small…

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