The recent news of Saudi Arabia allegedly acquiring the ATP Ranking system through its Public Investment Fund (PIF), a Sovereign Wealth fund, has sparked backlash from tennis fans. The move raises concerns and prompts criticism regarding the potential influence and implications of such a financial arrangement.
Saudi Arabia has been in discussions with the ATP regarding collaborative investments in tennis. Supported by the Public Investment Fund (PIF), they not only secured hosting rights for the 2023 Next Gen ATP Finals in Jeddah but also expressed interest in potentially hosting the WTA Finals in the future, according to circulating rumors.
Tennis journalist Jon Wertheim broke the news on social media, suggesting that the Public Investment Fund (PIF) is close to acquiring the ATP ranking system for the next five years. The reported launch of this new project is expected during the 2024 Indian Wells Open. The potential purchase raises questions about the impact on the tennis landscape and the role of financial entities in governing the sport.
Tennis journalist Jon Wertheim shared the news on Twitter, stating, "Here’s some news: PIF/Saudi Sovereign Wealth fund is about to buy @atptour ranking system (godpseed, Pepperstone) for five years. Watch for an announcement to launch at @bnpparisbasopen ….you have to imagine the @wta is next (with finals tie-in?)" This announcement highlights the potential broader influence of financial entities in tennis governance.
The breaking news prompted swift reactions from tennis fans, with many expressing displeasure. Some went as far as stating they might stop watching tennis if the influence of Saudi involvement continues to grow. This reflects the passionate and varied opinions within the tennis community regarding the impact of external investments on the sport.
Fans on Twitter are expressing strong sentiments about the recent developments, with one stating, "I’m starting to get the feeling that watching tennis is gonna make me feel dirty. And I don’t wanna feel dirty when I watch tennis. I guess I’m not gonna watch tennis anymore." Another fan mentioned, "Between this and Zverev, tennis is creating ethical and moral problems that are weakening the product/sport. I'll track the results, but am taking a break from watching matches." These reactions underscore the ethical considerations raised by external influences in tennis.
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