Saudi Arabia is being considered by the women’s tennis tour for possible business

  • 7/1/2023
  • 00:00
  • 7
  • 0
  • 0
news-picture

Simon: I think where we are right now (is): We’ve had conversations The men’s tennis tour, the ATP, has been in contact with the Saudi sovereign wealth fund, officially named the Public Investment Fund LONDON: Like other sports, women’s tennis is looking into the possibility of getting into business with Saudi Arabia. And while holding a tournament there is not imminent, WTA Chairman and CEO Steve Simon said Friday that he visited that country with some players in February as part of the evaluation process. “It’s a very difficult and very challenging topic that’s being, obviously, measured by many, many different groups right now,” Simon said at an event in London to mark the 50th anniversary of the meeting that led to the founding of the WTA. “I think where we are right now (is): We’ve had conversations. We’ll continue to have conversations,” Simon said. Simon’s comments came a few days after the St. Petersburg, Florida-based WTA announced it was setting up a “pathway to equal prize money” so women earn the same as men at certain tournaments by 2027 and others by 2033. Simon said Tuesday additional money would come from incremental boosts by the events themselves and from revenue projected to arrive from broadcast, data and sponsorship rights via WTA Ventures, the tour’s commercial enterprise that launched in March. “I’m not saying that Saudi is a place we should be doing business with or not yet. It’s still being evaluated,” he said Friday. The men’s tennis tour, the ATP, has been in contact with the Saudi sovereign wealth fund, officially named the Public Investment Fund. The PGA Tour, European tour and the fund, which backed the LIV Golf series, said on June 6 they would combine their commercial businesses. Saudi soccer clubs have been bringing in top players from Europe. Billie Jean King, the International Tennis Hall of Fame member and equal rights champion, said during a panel discussion at Friday’s event: “I’m a huge believer in engagement. I don’t think you really change unless you engage. ... How are we going to change things if we don’t engage?”

مشاركة :