Tennis should not pursue Saudi investment, says McEnroe

tennis-should-not-pursue-saudi-investment,-says-mcenroe
Tennis should not pursue Saudi investment, says McEnroe

Tennis legend John McEnroe has expressed his disapproval of tennis seeking investment from Saudi Arabia and criticized the PGA Tour for its recent agreement with the country’s sovereign wealth fund. In June, the PGA Tour, DP World Tour, and LIV circuit announced a merger to form a unified commercial entity. McEnroe called the PGA Tour hypocritical for making a deal with Saudi Arabia after previously fighting against them. He made these comments during an interview with ESPN.

Andrea Gaudenzi, the chairman of tennis’s ATP Tour, revealed that he has been in discussions with Saudi Arabia’s Public Investment Fund (PIF) and other potential investors regarding various projects, including infrastructure, events, and technology investment. However, critics have accused Saudi Arabia of using the PIF to engage in “sportwashing” to divert attention from the country’s human rights record. McEnroe noted that he was not surprised by Saudi Arabia’s interest in investing in tennis, as the country has been heavily investing in other sports as well.

McEnroe further highlighted the significant financial investments made by Saudi Arabia in other sports, such as the massive salary paid to Cristiano Ronaldo and their involvement in boxing fights. He personally does not encourage Saudi investment in tennis, especially after witnessing the PGA Tour’s deal with the country. However, he also pointed out that many of the people criticizing such investments are hypocrites, as various governments, hedge funds, and wealth funds also engage in similar business dealings.

Craig Tiley, the Australian Open chief, believes that any Saudi Arabian investment in tennis would not have the same impact as it did in golf. Reports suggest that Saudi Arabia is bidding to host this year’s ATP Next Gen Finals, and world number one Carlos Alcaraz has expressed his openness to competing there.

In conclusion, John McEnroe has voiced his opposition to tennis seeking investment from Saudi Arabia and criticized the PGA Tour for its agreement with the country’s sovereign wealth fund. He believes that the PGA Tour’s actions were hypocritical, considering their previous conflicts with Saudi Arabia. McEnroe also expressed concerns about “sportwashing” and highlighted the significant investments made by Saudi Arabia in other sports. However, Australian Open chief Craig Tiley believes that tennis would not be impacted in the same way as golf by Saudi Arabian investment.

About News Team

Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

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