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Paris Saint Germain Gets Sponsorship Deal with Hisense

Soccer Football - Paris Saint-Germain F.C. - Neymar Jr Press Conference - Paris, France - August 4, 2017 New Paris Saint-Germain signing Neymar Jr REUTERS/Christian Hartmann
Soccer Football - Paris Saint-Germain F.C. - Neymar Jr Press Conference - Paris, France - August 4, 2017 New Paris Saint-Germain signing Neymar Jr REUTERS/Christian Hartmann
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Paris Saint Germain Gets Sponsorship Deal with Hisense

Soccer Football - Paris Saint-Germain F.C. - Neymar Jr Press Conference - Paris, France - August 4, 2017 New Paris Saint-Germain signing Neymar Jr REUTERS/Christian Hartmann
Soccer Football - Paris Saint-Germain F.C. - Neymar Jr Press Conference - Paris, France - August 4, 2017 New Paris Saint-Germain signing Neymar Jr REUTERS/Christian Hartmann

French soccer champion Paris Saint Germain (PSG) has signed a multi-year sponsorship deal with Chinese consumer electronics and home appliances company Hisense, the companies said on Monday.

The deal comes as Europe's top soccer clubs all look to increase their foothold in the lucrative Chinese market.

"We are proud to be working with such a leading global brand from Asia Pacific. This is a meaningful partnership for the club, demonstrating our growing commitment to the region," said Sébastien Wasels, Asia Pacific managing director for PSG.

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Djokovic Still Dealing with Injury, May Not Play Madrid Open

Tennis star Novak Djokovic takes his place in the stands for the World Cup qualifying playoff final soccer match between Bosnia and Italy in Zenica, Bosnia, Tuesday, March 31, 2026. (AP Photo/Armin Durgut)
Tennis star Novak Djokovic takes his place in the stands for the World Cup qualifying playoff final soccer match between Bosnia and Italy in Zenica, Bosnia, Tuesday, March 31, 2026. (AP Photo/Armin Durgut)
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Djokovic Still Dealing with Injury, May Not Play Madrid Open

Tennis star Novak Djokovic takes his place in the stands for the World Cup qualifying playoff final soccer match between Bosnia and Italy in Zenica, Bosnia, Tuesday, March 31, 2026. (AP Photo/Armin Durgut)
Tennis star Novak Djokovic takes his place in the stands for the World Cup qualifying playoff final soccer match between Bosnia and Italy in Zenica, Bosnia, Tuesday, March 31, 2026. (AP Photo/Armin Durgut)

Novak Djokovic is still working through the injury problems that forced him to miss recent events in Miami and Monte Carlo and says he may not be ready for next week's Madrid Open, one of the last stops before the French Open Grand Slam.

The 38-year-old Serb lost to Carlos Alcaraz in the Australian Open final in February and fell to Jack Draper in the Indian Wells ⁠fourth round last ⁠month, before pulling out of the Miami Open due to a right shoulder injury.

The 24-times Grand Slam champion then skipped last week's Monte Carlo Masters before arriving in Spain to begin preparations for the ⁠April 22-May 3 Madrid Open.

However, his participation at the event, which he has won three times, remains in doubt.

"I hope to compete here, I'm working towards that," Djokovic told Spanish broadcaster Movistar+ at a EuroLeague basketball game in the Spanish capital on Thursday.

"I don't (know), I'm not sure. I have been struggling physically a little bit with an ⁠injury, ⁠so I'm trying to address that and play as long as I can.

"Now I have a little bit more time, not playing as much, so I get a chance to enjoy other sports and great athleticism,” Reuters quoted him as saying.

The draw for the Madrid Open will be held on Monday.

Djokovic will be looking for a record 25th Grand Slam title when Roland Garros gets underway on May 24.

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Kingdom Holding to Acquire Majority Stake in Al-Hilal

The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals. Photo: PIF
The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals. Photo: PIF
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Kingdom Holding to Acquire Majority Stake in Al-Hilal

The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals. Photo: PIF
The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals. Photo: PIF

Kingdom Holding Company has signed a binding agreement to acquire a 70% stake in Saudi Pro League soccer club Al-Hilal, Saudi Arabia’s Public Investment Fund (PIF) said on Thursday.

The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals ($373.20 million). The agreement supports PIF's ⁠strategy of maximizing ⁠returns while recycling capital back into the local economy.

Since July 2023, the PIF has been the principal shareholder in Al-Hilal as part of a wider initiative aimed at accelerating ⁠the development of sports clubs and boosting the sports sector’s contribution to the Kingdom’s gross domestic product.

Chairman of Kingdom Holding Company Prince Al Waleed bin Talal said: “Al-Hilal Club represents a national symbol and a source of pride. Our acquisition reflects our deep belief in the role of sport as a developmental force for both the economy ⁠and ⁠society.”

Al-Hilal, who have been top-flight champions 19 times, are second in the Saudi Pro League on 68 points from 28 games, eight points off Al Nassr with a match in hand.

Deputy Governor and Head of MENA Investments at PIF Yazeed Al-Humied, said: “PIF has proudly helped drive the efforts to transform Saudi Arabia’s sports sector and increase its value proposition for investors while creating lasting results at every level, from players and fans to local communities.”

“PIF has set ambitious goals for the clubs, enabling them to become successful commercially and professionally and achieve long-term financial sustainability. Today’s announcement aligns with PIF’s strategy to maximize returns and redeploy capital within the domestic economy,” he added.

Completion of the transaction is subject to meeting certain conditions and receiving the necessary regulatory approvals as outlined in the agreement.

Sports

French Open Prize Money Increases 9.5%

FILE - The crowd watch Norway's Casper Ruud playing against Spain's Rafael Nadal on the court Philippe Chatrier, known as center court, during their final match of the French Open tennis tournament at the Roland Garros stadium on June 5, 2022 in Paris. (AP Photo/Thibault Camus, File)
FILE - The crowd watch Norway's Casper Ruud playing against Spain's Rafael Nadal on the court Philippe Chatrier, known as center court, during their final match of the French Open tennis tournament at the Roland Garros stadium on June 5, 2022 in Paris. (AP Photo/Thibault Camus, File)
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French Open Prize Money Increases 9.5%

FILE - The crowd watch Norway's Casper Ruud playing against Spain's Rafael Nadal on the court Philippe Chatrier, known as center court, during their final match of the French Open tennis tournament at the Roland Garros stadium on June 5, 2022 in Paris. (AP Photo/Thibault Camus, File)
FILE - The crowd watch Norway's Casper Ruud playing against Spain's Rafael Nadal on the court Philippe Chatrier, known as center court, during their final match of the French Open tennis tournament at the Roland Garros stadium on June 5, 2022 in Paris. (AP Photo/Thibault Camus, File)

Prize money at this year's French Open will jump by 9.5%, taking the total purse to 61.7 million euros ($72.69 million), organizers said on Thursday.

The increase of 5.4 million euros compared to 2025 continues a steady rise in player earnings at the claycourt Grand Slam, Reuters reported.

The organizers have in recent years focused on boosting prize ⁠money across all ⁠rounds, not only for the champions but also for players eliminated in the early stages, amid growing calls within the sport for a fairer distribution of revenues.

The Paris major, ⁠staged annually at Roland-Garros, has maintained equal prize money for men and women.

The prize money increase comes as pressure mounts from players for a greater share of revenues, with discussions ongoing across the sport involving governing bodies and tournament organizers.

Despite the latest rise, Roland-Garros is expected to remain behind ⁠the ⁠other three Grand Slams in overall prize money.

The US Open offered the largest prize fund of the Grand Slams last year with $90 million, while Wimbledon paid out 53.5 million pounds ($72.40 million).

The Australian Open offered a record A$111.5 million ($79.92 million) in prize money this year.