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Hamad Medjedovic of Serbia plays a backhand to Arthur Fils of France in the final during day five of the Next Gen ATP Finals at King Abdullah Sports City in Jeddah, Saudi Arabia, on Dec. 2, 2023.
Adam Pretty | Getty Images
Saudi Arabia's Public Investment Fund will become the official naming partner of the ATP Rankings and will partner with ATP Tour tennis events, including the Indian Wells and in Miami, Madrid and Beijing, plus the Nitto ATP Finals under a multiyear partnership announced Wednesday.
"Our strategic partnership with PIF marks a major moment for tennis. It's a shared commitment to propel the future of the sport," ATP CEO Massimo Calvelli said in a press release.
A spokesperson for ATP declined to disclose the financial terms of the deal.
PIF, with estimated assets of around $700 billion, has invested in multiple sports, along with music and entertainment ventures.
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