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-title Saudi Arabia’s SURJ awarded ATP Masters 1000 event

by Alex Carter - Sports Editor

Saudi Arabia to Host First Middle Eastern ATP Masters 1000 Tournament

RIYADH – Saudi Arabia’s ‍Sports Investment Company (SURJ) has secured the rights to host a new ATP Masters⁣ 1000 tournament, marking ⁢the ​first⁤ time the prestigious⁣ event will be held ​in the Middle East. The tournament, slated to begin as early as 2028, represents the first expansion of⁣ the ‌Masters 1000 category in the ATP Tour’s 35-year history.

the decision received ⁤”unanimous approval” from the ATP​ board, comprised of four player‌ and four tournament representatives, according to ⁣ATP chairman andrea Gaudenzi. He expressed hope the tournament would be scheduled at the ⁢start of the season.

SURJ will manage sponsorship and ‍ticketing for ‍the event. While chief executive Danny‍ Townsend declined to disclose the financial details ⁣of the agreement, he noted, “the value of these licences has ​gone up,‌ which is a direct‌ reflection on the popularity of tennis.”

As with other Masters 1000 event owners,SURJ will also become a shareholder in ATP Media,the tour’s⁣ global ‍broadcast rights and production arm. Gaudenzi stated the aim is‍ to eventually centralize all rights within Tennis Ventures, the‍ proposed merger⁢ of commercial entities between the ATP and‌ WTA.

This latest investment follows SURJ’s‍ recent​ acquisitions, including‌ stakes in the Professional Triathletes Organisation (PTO) and a joint venture with soccer’s kings League. The company also invested US$1 billion in sports media company DAZN, creating DAZN Middle East and North‍ Africa (MENA).

Though, Townsend clarified that SURJ’s investment in DAZN does not guarantee broadcast rights ⁤for the new tournament, ⁤stating, “Our investment in DAZN doesn’t mean that every one of⁣ our IP lands there…they’ll have their chance, just like everyone else.”

When questioned about a potential investment in the ATP Tour itself,​ Townsend responded, ‌”I ‌certainly⁤ wouldn’t say⁢ it’s on the cards at this moment in time.”

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