Saudi Arabia launches tennis takeover with $1 billion take-it-or-leave-it offer

Novak Djokovic, of Serbia, returns a shot Luca Nardi, of Italy, at the BNP Paribas Open tennis tournament in Indian Wells, California

Simon Briggs
© Telegraph.co.uk

Saudi Arabia has made its move for tennis with a $1 billion take-it-or-leave it offer to merge the men’s and women’s tours.

Sources say that after the Premium Tour discussions in Indian Wells on Saturday, ATP chairman Andrea Gaudenzi asked the Masters tournaments to stay behind once the four grand slams had left the room.