FII PRIORITY Summit in Miami Discusses Investment in Sports

Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
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FII PRIORITY Summit in Miami Discusses Investment in Sports

Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports
Discussions at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports

Sessions, discussions and dialogues at the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami, focused on the second day on investment in sports.
One of the most important questions raised at the summit themed, "On the Edge of a New Frontier," was: What drives growth in sports assets and innovation in sports? How do investors and owners of sports teams reshape sports financially? Speakers pointed out that in recent years, sports investment has witnessed a major transformation with the increase in media broadcast rights for sports events and tournaments, and the achievement of high financial returns as a result of investment projects in this vital field, which attracts many followers around the world.
Speakers at the sessions explained that investing in sports is not just about winning games, but it is rather a huge platform that brings communities together and gets to know each other.
Participants also spoke about the development of sports investment with increasing financial returns in paid broadcasting rights, and about increasing demand, digital expansion, and accessing more global markets, as investors support shaping sports financially and practically, while taking advantage of modern technologies to attract new fans and followers in watching sports tournaments.
The participants also touched upon ways to invest in art, entertainment, museums and media, and the role of media and entertainment companies in developing content across various platforms to attract wider audiences, generate income effectively, and shape culture in their countries.



Kyrgios’ Return to Grand Slam Tennis Is in Doubt Ahead of the Australian Open

Nick Kyrgios of Australia and Novak Djokovic of Serbia (not pictured) hit a return against Michael Venus of New Zealand and Nikola Mektic of Croatia during their men's doubles match at the Brisbane International tennis tournament in Brisbane on January 1, 2025. (AFP)
Nick Kyrgios of Australia and Novak Djokovic of Serbia (not pictured) hit a return against Michael Venus of New Zealand and Nikola Mektic of Croatia during their men's doubles match at the Brisbane International tennis tournament in Brisbane on January 1, 2025. (AFP)
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Kyrgios’ Return to Grand Slam Tennis Is in Doubt Ahead of the Australian Open

Nick Kyrgios of Australia and Novak Djokovic of Serbia (not pictured) hit a return against Michael Venus of New Zealand and Nikola Mektic of Croatia during their men's doubles match at the Brisbane International tennis tournament in Brisbane on January 1, 2025. (AFP)
Nick Kyrgios of Australia and Novak Djokovic of Serbia (not pictured) hit a return against Michael Venus of New Zealand and Nikola Mektic of Croatia during their men's doubles match at the Brisbane International tennis tournament in Brisbane on January 1, 2025. (AFP)

Nick Kyrgios’ planned return to Grand Slam tennis at the Australian Open is in doubt after he sustained an abdominal injury and was forced to withdraw from an exhibition with Novak Djokovic this week.

The 2022 Wimbledon finalist, sidelined with wrist and knee injuries since the 2022 US Open, said in an Instagram post Wednesday that an ultrasound scan had revealed an abdominal strain and "unfortunately (I) won’t be able to play my good friend (Djokovic) this Thursday."

He said he’d be resting and doing everything possible to be ready for the Australian Open, which starts Sunday at Melbourne Park.

The mercurial Australian, who has become a popular commentator during his lengthy stints on the injured list, made his competitive comeback last week at Brisbane, where he played one singles match and partnered with Djokovic in two doubles matches.

Djokovic and Kyrgios won their opening doubles match, a crowd-pleasing, fist-pumping affair by both players at Pat Rafter Arena before a 6-2, 3-6, 10-8 loss to Nikola Mektic of Croatia and New Zealander Michael Venus.

Australian Open tournament director Craig Tiley remained confident Kyrgios would play at the year's first major.

"I think it’s just precautionary, that’s the word we’ve got from him," Tiley said Wednesday, responding to questions about the potential absence of the star Australian. "Nick’s not the only one not doing some of their pre-planned matches over the next few days. There’s no concerns ahead of the Open."