Saudi Arabia’s PIF, ATP Announce Multi-Year Strategic Partnership to Accelerate Growth of Global Tennis

Saudi Arabia’s Public Investment Fund (PIF) and ATP unveiled a new multi-year strategic partnership, marking a significant shared commitment to enhancing global tennis for players, fans, tournament organizers and stakeholders at all levels of the sport.

15:07-28 February 2024 AD ـ 18 Sha’ban 1445 AH

Saudi Arabia’s PIF, ATP Announce Multi-Year Strategic Partnership to Accelerate Growth of Global Tennis

Saudi Arabia’s Public Investment Fund (PIF) and ATP unveiled on Wednesday a new multi-year strategic partnership, marking a significant shared commitment to enhancing global tennis for players, fans, tournament organizers and stakeholders at all levels of the sport.

The major partnership will see PIF become the official naming partner of the ATP Rankings, celebrating players’ journeys and progress across the season and championing excellence as the Year-End No. 1, presented by PIF, is crowned at the Nitto ATP Finals which will take place in Turin, Italy until 2025.

PIF will partner with ATP Tour events in Indian Wells, Miami, Madrid, Beijing and the Nitto ATP Finals, in addition to the Next Gen ATP Finals, hosted in Jeddah until 2027. Following the launch of ATP’s Baseline program earlier this year, PIF has further committed to develop and unlock new opportunities for young players and player pathway initiatives, providing a significant boost to the game’s next generation of stars.

The ATP partnership forms part of PIF’s broader sponsorship platform, investing in people, projects and partnerships with an emphasis on the brand’s four pillars: inclusivity, sustainability, youth and technology.

Together, PIF and ATP will also collaborate to elevate the long-term future of tennis. PIF will actively contribute to ATP’s OneVision Strategic Plan which focuses on driving unity, enhancing fan experiences and leveraging scalable growth opportunities across the sport.

“Our strategic partnership with PIF marks a major moment for tennis. It's a shared commitment to propel the future of the sport,” said ATP CEO Massimo Calvelli.

“With PIF’s dedication to the next generation – fostering innovation and creating opportunities for all – the stage is set for a transformative new period of progress,” he stressed.

Mohamed AlSayyad, Head of Corporate Brand at PIF, said: “As PIF expands its portfolio of innovative sponsorships, our commitment to 'Invested in Better' remains unwavering. Through our collaboration with ATP, PIF will be a catalyst for growth of the global tennis landscape, developing talent, fostering inclusivity and driving sustainable innovation.”

“This strategic partnership aligns with our broader vision to enhance quality of life and drive transformation in sport both within Saudi and across the world,” he added.

Tennis is rapidly becoming a key sport in Saudi Arabia with the number of registered players increasing by 46% between 2019 and 2023. PIF will leverage ATP’s expertise to develop further opportunities for young Saudis in tennis, including through state-of-the-art facilities, coaching, and an enhanced player pathway in Saudi Arabia.

The Public Investment Fund (PIF) is one of the largest and most impactful sovereign wealth funds in the world. Since 2015, when the Board was reconstituted and oversight transferred to the Council of Economic and Development Affairs, PIF’s board of directors has been chaired by Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, Chairman of the Council of Economic and Development Affairs, and Chairman of the Public Investment Fund.

PIF plays a leading role in advancing Saudi Arabia’s economic transformation and diversification, as well as contributing to shaping the future of the global economy. Since 2017, PIF has established over 90 companies.

PIF is building a diversified portfolio by entering into attractive and long-term investment opportunities in 13 strategic sectors in Saudi Arabia and globally.

FIFA to Lead $75m Palestinian Soccer Rebuilding Fund

President of FIFA Gianni Infantino attended the inaugural meeting of US President Donald Trump's 'Board of Peace'. CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA/AFP

Asharq Al Awsat

09:26-20 February 2026 AD ـ 03 Ramadan 1447 AH

Asharq Al Awsat

09:26-20 February 2026 AD ـ 03 Ramadan 1447 AH

FIFA to Lead $75m Palestinian Soccer Rebuilding Fund

President of FIFA Gianni Infantino attended the inaugural meeting of US President Donald Trump's 'Board of Peace'. CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA/AFP

FIFA will spearhead a $75 million fund to rebuild soccer facilities in Gaza that were destroyed by the war between Israel and Hamas, President Donald Trump and the sport's governing body said Thursday.

Trump made the announcement in Washington at the first meeting of his "Board of Peace," an amorphous institution that features two dozen of the US president's close allies and is initially focused on rebuilding the Gaza strip, said AFP.

"I'm also pleased to announce that FIFA will be helping to raise a total of $75 million for projects in Gaza," said Trump.

"And I think they're soccer related, where you're doing fields and you're getting the greatest stars in the world to go there -- people that are bigger stars than you and I, Gianni," he added, referring to FIFA president Gianni Infantino, who was present at the event.

"So it's really something. We'll soon be detailing the announcement, and if I can do I'll get over there with you," Trump said.

Later Thursday, FIFA issued a statement providing more details, including plans to construct a football academy, a new 20,000-seat national stadium and dozens of pitches.

The FIFA communique did not mention Trump's $75 million figure, and said funds would be raised "from international leaders and institutions."

Infantino has fostered close ties with Trump, awarding him an inaugural FIFA "Peace Prize" at the World Cup draw in December.

At Thursday's meeting, the FIFA president donned a red baseball cap emblazoned with "USA" and "45-47," the latter a reference to Trump's two terms in the White House.

In FIFA's statement, Infantino hailed "a landmark partnership agreement that will foster investment into football for the purpose of helping the recovery process in post conflict areas."

The "Board of Peace" came together after the Trump administration, teaming up with Qatar and Egypt, negotiated a ceasefire in October to halt two years of devastating war in Gaza.

The United States says it is now focused on disarming Hamas -- the Palestinian group whose unprecedented October 7, 2023, attack on Israel triggered the massive offensive.

Sports

Arsenal Aim to Banish Title Jitters in Spurs Showdown

Football - Premier League - Wolverhampton Wanderers v Arsenal - Molineux Stadium, Wolverhampton, Britain - February 18, 2026 Arsenal's William Saliba and Arsenal's Gabriel Magalhaes react after Wolverhampton Wanderers' Tom Edozie scored their second goal. (Action Images via Reuters/Peter Cziborra)

09:20-20 February 2026 AD ـ 03 Ramadan 1447 AH

Arsenal Aim to Banish Title Jitters in Spurs Showdown

Arsenal must banish their untimely bout of title race anxiety as the wobbling Premier League leaders head to Tottenham for the north London derby.

Manchester City can pile pressure on the Gunners with a win against Newcastle, while Michael Carrick heads to Everton aiming to bolster his bid to become Manchester United's permanent manager.

AFP Sport looks at three talking points ahead of this weekend's action:

Saka expects Arsenal to hit back

Defiant Arsenal forward Bukayo Saka is adamant his side will eventually "get over the line" and end their trophy drought.

Mikel Arteta's men are in danger of blowing a commanding position in the title race after successive draws against Brentford and Wolves left them with just two wins in their last seven league matches.

The Gunners squandered the lead in both matches, with Wednesday's 2-2 draw at bottom of the table Wolves especially galling as they conceded a stoppage-time equalizer having led 2-0.

Arsenal are five points clear of second-placed Manchester City, but Pep Guardiola's team have a game in hand and will host the leaders in April.

After allowing City to overhaul them in the 2023 and 2024 title races, the north Londoners, who haven't won silverware since the 2020 FA Cup, face pointed questions about their ability to handle the mounting tension.

Saka knows Arsenal must silence the doubters by getting back on track at arch rivals Tottenham on Sunday.

"I believe the next few years are going to be the years that we get over the line, and we're able to win trophies and make history for this club," Saka said.

"We're back where we belong, fighting for everything."

Man City 'on the hunt'

Tijjani Reijnders has warned Arsenal that Manchester City are primed to pounce after the leaders allowed them back into the title race.

Victories over Liverpool and Fulham have put City in position to capitalize on Arsenal's slump.

Pep Guardiola's side will move two points behind Arsenal if they beat Newcastle at the Etihad Stadium on Saturday, putting extra heat on the leaders before the north London derby 24 hours later.

"The mood's been good, but it was also good before. Of course we've dropped some points as well, but it's good and we are on the hunt and we keep going," Reijnders said.

"We have to see of course, but if we keep going like this, who knows?"

Carrick has Man Utd on the rise

Wayne Rooney has backed Manchester United interim manager Michael Carrick to take the job on a permanent basis.

Former United midfielder Carrick was appointed until the end of the season after Ruben Amorim's sacking in January.

He made a dream start as United beat Manchester City 2-0 in his first game in charge and followed up with a 3-2 win at Arsenal.

Four wins and a draw in his first five games at the helm have lifted United into fourth place ahead of their trip to Everton on Monday.

Rooney, United's all-time leading goalscorer, believes his former team-mate could be the one to finally stabilize a troubled club that hasn't won the title since 2013.

"We've been there and tried different managers - (Jose) Mourinho, (Louis) van Gaal, (Erik) ten Hag and (Ruben) Amorim - and for me Carrick makes sense," Rooney told The Overlap.

"Having someone there who knows the club and cares for the club makes a big difference. Michael is managing the whole squad and managing them well."

Sports

Scrutiny on Flick Rises as Barca Seek Recovery

14 April 2025, North Rhine-Westphalia, Dortmund: Barcelona coach Hansi Flick attends a press conference ahead of the 2025 UEFA Champions League quarter-final second leg soccer match against Borussia Dortmund. (dpa)

09:15-20 February 2026 AD ـ 03 Ramadan 1447 AH

09:13-20 February 2026 AD ـ 03 Ramadan 1447 AH

09:15-20 February 2026 AD ـ 03 Ramadan 1447 AH

09:13-20 February 2026 AD ـ 03 Ramadan 1447 AH

Scrutiny on Flick Rises as Barca Seek Recovery

Since Hansi Flick arrived in Barcelona in the summer of 2024 things have largely gone better than even he might have hoped, at least until the past week.

Revitalizing the Catalan giants and inspiring them to a domestic treble last season, as well as steering them to the final four of the Champions League for the first time in six years was an excellent accomplishment.

The current campaign has been a bumpier ride, in part due to injury problems, but Barca were still going strong until two consecutive defeats sapped morale as the business end of the season approaches.

Barca host Levante on Sunday at Camp Nou in La Liga as they aim to get back on track and potentially reclaim top spot from rivals Real Madrid, who visit Osasuna on Saturday.

Los Blancos moved two points ahead of Barca last weekend and stayed there as Flick's side crumbled in a 2-1 defeat at neighbors Girona on Monday.

That was hot on the heels of a 4-0 humiliation by Atletico Madrid in the Copa del Rey semi-final first leg, arguably Barca's worst performance since Flick's arrival.

Barca protested officiating mistakes in both games, and although the refereeing technical committee later admitted some fault, it does not absolve the Blaugrana of two worrying displays.

"We are not in a good mood, not in a good moment," admitted Flick.

"I gave the team two days off, because I think it's important that they reset."

The coach said his side, who hope to have playmaker Pedri Gonzalez back in action against Levante after injury, may be tired but also needed to buck up their ideas.

"(Mistakes) could be something to do with if they are tired, not fresh enough... but at the end we have to have the hunger to win the games," said Flick.

"When they come back I want another mentality, another level, they (must) train and play at."

Since Flick arrived Barca have played an ultra-attacking style with a high defensive line, leading to a lot of high-scoring games.

However, with the injuries they have had this season, perhaps partly due to wear-and-tear due to Flick's demands over pressing, they are creating less and finishing more inefficiently.

Both central strikers, Robert Lewandowski and Ferran Torres, are out of form in 2026.

The defense, meanwhile, is as porous as ever and with Pedri missing eight of the last 14 league games, they have struggled for control in midfield.

Flick's recent comments about not adjusting his approach regardless of the opponent Barca face are cause for concern.

"I don't take care if (the opponents) play five at the back or if they have a fast striker. We have the quality and this is what I want to see," said Flick last week, although recent results suggest perhaps he should look to tweak things more reactively.

Against Atletico the pace of wingers Ademola Lookman and Giuliano Simeone helped rip Barca's defense to shreds.

Although Barca are firm favorites against Levante, 19th, the trio of games which follow, leading into the Champions League last 16, are key to stopping the season from spiraling away from them.

They next host high-flying Villarreal, before the Copa semi second leg against Atletico and a tricky visit to the San Mames to play Athletic Bilbao.

Saudi Arabia’s PIF, ATP Announce Multi-Year Strategic Partnership to Accelerate Growth of Global Tennis

Saudi Arabia’s PIF, ATP Announce Multi-Year Strategic Partnership to Accelerate Growth of Global Tennis

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FIFA to Lead $75m Palestinian Soccer Rebuilding Fund

FIFA to Lead $75m Palestinian Soccer Rebuilding Fund

Arsenal Aim to Banish Title Jitters in Spurs Showdown

Arsenal Aim to Banish Title Jitters in Spurs Showdown

Scrutiny on Flick Rises as Barca Seek Recovery

Scrutiny on Flick Rises as Barca Seek Recovery

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