Culture
Six Kings Tennis Slam
Screenshot of the 6 Kings Tennis Slam promo video (courtesy of Sela via YouTube)

Saudi Arabia’s oil money is flooding into a new sport: tennis

Criticisms of “sportswashing” are only likely to intensify as Saudi Arabia pumps millions into the Six Kings Slam, the country’s latest big budget sporting event

10/2/24 6:23AM

Saudi Arabia’s oil boom has transformed deserts into glistening cities, reshaped the geopolitics of the region, upended the world of golf, turned Manchester City into a soccer superpower, and produced the foundation for one of the most ambitious — and expensive — development projects in history (Vision 2030). Now, that flood of capital is finding its way into the world of tennis with the Six Kings Slam, an exhibition tennis tournament featuring some of the biggest names in the sport, set to be held on October 16-19th in Riyadh.

The trailer for the event looks more like the promotion for a Marvel movie than a tennis tournament — at one point in the video world number 3 Carlos Alcaraz hits a backhand with such venom that it carves a tennis ball-shaped hole in his cyborg opponent. His rival — the world’s top-ranked player, Jannik Sinner — is seen carving a statue of himself out of stone with vicious serves, Rafael Nadal is depicted as a kind of clay warrior god... and the rest is frankly hard to describe.

So how did Saudi Arabia convince some of the biggest names in tennis to travel to Riyadh, in the middle of an increasingly gruelling tennis season, to play a tournament that offers no ranking points? The $1.5 million reported appearance fee, which each participant will receive even if they lose every match, certainly helps.

Prize money for Saudi Arabia tennis Six Kings Slam
Sherwood News

Indeed, the prize money that’s been reported is unheard of in tennis, with the winner set to take home $6 million. That’s ~60% more than the winners of the US Open or Wimbledon got over the summer, an achievement which required 7 match wins over two weeks.

More Culture

See all Culture
Cartoon of family of five

The gap between America’s notion of the ideal family size and the actual reality is getting wider

Americans think somewhere around three kids is ideal. The fertility rate has some serious catching up to do.

US Powerball jackpot climbs to $1.7 Billion

Your upcoming Powerball loss is DraftKings’ gain

As the Powerball jackpot has stretched to $1.8 billion, users are flooding into DraftKings’ Jackpocket lottery app.

culture

Paramount and Microsoft’s Activision agree to partner on a “Call of Duty” movie

Less than a month after forming, Paramount Skydance has landed another major piece of intellectual property. The studio said it’s signed a deal with Microsoft’s Activision to create a live-action “Call of Duty” film.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.