What we know about Saudi Arabia’s $2bn offer to buy professional tennis

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What we know about Saudi Arabia’s $2bn offer to buy professional tennis
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The deal would merge the men's and women's professional tours and take a top-level tennis event to Saudi Arabia every January

Arsenal end Champions League last-16 curse with penalty shootout win over PortoThe deal would merge the men's and women's professional tours and take a top-level tennis event to Saudi Arabia every JanuaryThe bid comes in response to a proposal by the four grand slams to redesign the tennis calendar and condense it to 14 events a year in a so-called “Premium Tour”.

It’s not clear whether those players would be allowed to drop down to the Contender Tour for certain events, or whether their place on the Premium Tour would be guaranteed for the whole year. One option might be to allow players a limited number of exemptions to drop down to the Contender Tour for things like events in the home country or with other special significance.The grand slams are responding to the threat posed by investment from Saudi Arabia and want to offer players a better deal.

It’s understood there is $1bn on the table for each of the men’s and women’s professional tours, if they agree to a deal that would merge them into one organisation.Perhaps, but not in the immediate future. The massive deal includes the inauguration of a Masters 1000 event in Saudi Arabia, most likely in January, to open the season and form part of the run-up to the Australian Open.The deal offered by PIF is said to have a time limit on it, and will expire in 90 days unless agreed upon.

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