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 Indian Wells, Miami, Madrid, Beijing and the Nitto ATP Finals under a multi-year 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 deal to merge the PGA Tour and the Saudi-backed LIV tour is still in negotiations and there is no deadline for the talks to end. The PIF launched the LIV tour in 2022, luring away top stars from the PGA Tour, including Phil Mickelson, Dustin Johnson and Brooks Koepka, with hundreds of millions in signing bonuses.

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Persons: Hamad Medjedovic, Arthur Fils of, Massimo Calvelli, LIV, Phil Mickelson, Dustin Johnson, Brooks Koepka, Crown Prince Mohammed bin Salman, Mohamed AlSayyad Organizations: King Abdullah Sports City, Saudi Arabia's Public Investment Fund, ATP, ATP Tour, PGA Tour, PIF, LIV, PGA, Saudi, Crown, U.S Locations: Serbia, Arthur Fils of France, Jeddah, Saudi Arabia, Saudi, Indian Wells, Miami, Madrid, Beijing