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PIF denies it has made $2bn ‘take-it-or-leave-it’ offer to unite tennis tours

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Sources stress speculation about any offers are prematureReports Saudi bid has 90-day deadline also played down

Saudi Arabia’s Public Investment Fund has distanced itself from reports that it has made a $2bn (£1.5bn) “take-it-or-leave-it” offer to unite tennis’s ATP and WTA Tours, insisting it has no intention of disrupting the sport.

According to the Telegraph, the ATP chairman, Andrea Gaudenzi, briefed representatives of the nine ATP Masters 1000 tournaments on Saturday in California about the bid, which would merge the men’s and women’s tours. Gaudenzi is said to have informed them that an offer had arrived from PIF that was “time-sensitive” giving all concerned 90 days to accept.

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