{"id":1424,"date":"2024-02-02T17:23:35","date_gmt":"2024-02-02T17:23:35","guid":{"rendered":"https:\/\/ventil.rs\/blog\/sports\/saudi-arabia-closes-in-on-deal-to-create-new-cycling-league-reuters-news-agency\/"},"modified":"2024-02-02T17:23:35","modified_gmt":"2024-02-02T17:23:35","slug":"saudi-arabia-closes-in-on-deal-to-create-new-cycling-league-reuters-news-agency","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/sports\/saudi-arabia-closes-in-on-deal-to-create-new-cycling-league-reuters-news-agency\/","title":{"rendered":"Saudi Arabia closes in on deal to create new cycling league | Reuters News Agency"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span class=\"rts-topic-title__tag\">Deals<\/span><span class=\"rts-topic-title__tag\">Sports<\/span><\/p>\n<div class=\"rts-article-info \">\n<p><span class=\"rts-article-info__date\">02 February 2024, 5:23 pm <\/span><span class=\"rts-article-info__time \">1 minute<\/span><\/p>\n<\/div>\n<div class=\"et_pb_module et_pb_post_content et_pb_post_content_0_tb_body\">\n<p>Reuters <strong><a href=\"https:\/\/www.reuters.com\/sports\/cycling\/saudis-srj-exclusive-talks-invest-about-250-mln-new-cycling-league-source-2024-02-02\/\">exclusively reported<\/a><\/strong> that Saudi Arabia-backed sports fund SRJ was in exclusive talks to back a new cycling league, which Reuters also <a href=\"https:\/\/www.reuters.com\/sports\/cycling\/top-cycling-teams-explore-creating-new-competitive-league-sources-2023-10-25\/\" target=\"_blank\" rel=\"noreferrer noopener\">exclusively<\/a> reported was in the works back in October.\u00a0 The country is targeting yet another sport to upend in the wake of previous investments in golf, football and Formula One. The story was also picked up by ESPN.\u00a0<\/p>\n<\/p><\/div>\n<h3>Market Impact<\/h3>\n<p>If successful, the deal would mark Saudi Arabia\u2019s first significant involvement in cycling after pouring billions into other sports worldwide such as football, motorsports and martial arts. Sports is one of the pillars of the government\u2019s Vision 2030 economic diversification plan.<\/p>\n<div class=\"rts-tag-box\">\n<p>Article Tags<\/p>\n<p><span class=\"rts-tag-box__item-title\">Topics of Interest: <\/span><span class=\"rts-tag-box__tag\">Deals<\/span><span class=\"rts-tag-box__tag\">Sports<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Type: <\/span><span class=\"rts-tag-box__tag\">Reuters Best<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Sectors: <\/span><span class=\"rts-tag-box__tag\">Sports<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Regions: <\/span><span class=\"rts-tag-box__tag\">Middle East<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Countries: <\/span><span class=\"rts-tag-box__tag\">Saudi Arabia<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Win Types: <\/span><span class=\"rts-tag-box__tag\">Exclusivity<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Story Types: <\/span><span class=\"rts-tag-box__tag\">Exclusive \/ Scoop<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Media Types: <\/span><span class=\"rts-tag-box__tag\">Text<\/span><\/p>\n<p><span class=\"rts-tag-box__item-title\">Customer Impact: <\/span><span class=\"rts-tag-box__tag\">Significant National Story<\/span><\/p>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.reutersagency.com\/en\/reutersbest\/article\/saudi-arabia-closes-in-on-deal-to-create-new-cycling-league\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DealsSports 02 February 2024, 5:23 pm 1 minute Reuters exclusively reported that Saudi Arabia-backed sports fund SRJ was in exclusive talks to back a new cycling league, which Reuters also exclusively reported was in the works back in October.\u00a0 The country is targeting yet another sport to upend in the wake of previous investments in&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/ventil.rs\/blog\/sports\/saudi-arabia-closes-in-on-deal-to-create-new-cycling-league-reuters-news-agency\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Saudi Arabia closes in on deal to create new cycling league | Reuters News Agency&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":1425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.reutersagency.com\/wp-content\/uploads\/2024\/02\/MicrosoftTeams-image-4-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-1424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v22.1) - 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