Qatar Sports Investments (QSI) and Damm Forge Historic Deal: World Padel Tour (WPT) Acquired by QSI, Premier Padel and WPT Merge under International Padel Federation

In a groundbreaking move on August 24, 2023, Qatar Sports Investments (QSI) and Damm announced a historic agreement. QSI, a global sports investment firm, has acquired the World Padel Tour (WPT) and aims to merge it with Premier Padel, operating under the International Padel Federation (FIP).

Unification of Premier Padel and World Padel Tour: A New Chapter

QSI’s acquisition marks a pivotal moment, uniting two major padel tours. Premier Padel and WPT will become a unified entity known as Premier Padel, governed by FIP. Months of negotiations have led to this transformative deal. The agreement not only consolidates the two tours but also addresses ongoing disputes, ensuring harmony within the padel community.

The Future of Professional Padel: Unveiling a Singular Vision

For the rest of 2023, WPT and Premier Padel will continue independently, while preparations for integration are underway. The unification, slated for the next calendar year, is poised to establish Premier Padel as the premier global padel tour. The move underscores QSI’s commitment to elevating padel’s professional landscape on a global scale, offering players and fans a unified and enriched experience.

A Promising Path Forward: QSI’s Vision for Padel’s Evolution

The acquisition resonates as a turning point for padel. With QSI’s leadership and FIP’s governance, Premier Padel will forge a path that harmonizes both tours’ strengths. This unified venture is set to reshape the sport’s landscape, infusing it with renewed energy and global cohesion. Stay tuned for forthcoming details, marking the dawn of a new era in professional padel.

This announcement was originally featured on Padel FIP.