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- Expanded new mixed-gender team competition, Hexagon World Series will feature multiple events per year in iconic global cities with equal prize money
- Series becomes the first fully FIP - governed team circuit, included into the official FIP calendar to complement existing professional and amateur events, encompassing Cupra FIP Tour and Premier Padel
- This evolution represents a major opportunity for the Hexagon Cup to be fully integrated within the federative padel pyramid
- Official recognition builds on strategic partnership announced in February 2025 between Hexagon Cup, Premier Padel and FIP, under which Premier Padel is also a shareholder and major strategic partner in the new series
LONDON, Dec. 18, 2025 /PRNewswire/ -- Hexagon Cup, the team-based Padel tournament established in 2024 that revolutionised the sport's international landscape, has today announced an historic strategic alliance with 54, the global sport and entertainment agency behind the creation of LIV Golf, and the game's global governing body, International Padel Federation (FIP).
Under this agreement, 54 will invest and partner with Hexagon Cup to expand and elevate the initial project into its next phase: a new global team circuit, officially named the Hexagon World Series, in what will become the first team Padel series to be delivered under the governance of FIP, fully integrated into the federative padel pyramid.
The agreement positions Hexagon World Series as the sport's official global team circuit, governed by FIP and integrated fully into the official FIP calendar. The Hexagon World Series will expand the revolutionary team-based format of the Hexagon Cup into a series model, adding multiple events per year across new international locations. This expansion will open fresh commercial opportunities for fans, players and partners, while strengthening the overall FIP ecosystem and the Olympic dream alongside existing tours and FIP's governance.
The new circuit will complement Premier Padel, FIP's flagship professional tour for individual pairs, elevating Padel to a new level, whilst creating new value within a fully integrated commercial structure to sit at the top tier of the world's fastest growing sport.
Together, Premier Padel and the Hexagon World Series will form the global professional circuit for elite players: one tour for the world's top pairs, and one groundbreaking teambased competition, both under the governance of FIP.
Details of the new competition format, teams, calendar of events and global host cities will be unveiled in 2026.
54's investment is also the closing of an international financing round for Hexagon Cup, backed by a diverse group of global investors. These include PadelPark India, the British operator Padel Hub, the US-based Padel operator Epic Padel, as well as investment funds and platforms such as Players Fund (United Kingdom) and LinkinFirm (Brazil), alongside other strategic partners from Mexico, Spain, the United States and the Middle East. This multi-regional capital structure reinforces the strength of the project and its position to lead the international expansion of Padel.
Enrique Buenaventura, Founder of Hexagon Cup, said: "This partnership marks a new chapter in the history of padel. Together with 54, FIP and the support of, and fantastic relationship with, Premier Padel, we will build the first truly global team circuit, expanding the vision of the Hexagon Cup and creating something never seen before in our sport. Our mission is to help grow padel worldwide, unlock new commercial opportunities, and contribute decisively to its Olympic journey."
Luigi Carraro, President of FIP, said: "FIP's mission is to develop and grow Padel at every level of the pyramid – from grassroots and amateur participation to elite professional - all around the world. The launch of Hexagon World Series - under the umbrella and governance of FIP and as part of our official international calendar, already including the Cupra FIP Tour and Premier Padel – further enhances, consolidates and stabilizes our ecosystem with the most prestigious competitions in the sport. Together, we will ensure Padel continues to grow with the professionalism, global visibility and collaborative structure – working with all recognized stakeholders within Padel and world sport – driving Padel's long-term success on an international scale."
Gary Davidson, Group Chief Operating Officer, 54, said: "Padel is one of the fastest growing sports globally, and we see an incredible opportunity to help accelerate its professionalisation and global reach. "Teaming up with Hexagon Cup and FIP to create the Hexagon World Series is a natural extension of our commitment to building the world's most exciting sporting properties, molded through modern commercial structures and integrated into the existing ecosystem to deliver the best experiences for athletes and fans, and the best performance for partners and investors."
- Expanded new mixed-gender team competition, Hexagon World Series will feature multiple events per year in iconic global cities with equal prize money
- Series becomes the first fully FIP - governed team circuit, included into the official FIP calendar to complement existing professional and amateur events, encompassing Cupra FIP Tour and Premier Padel
- This evolution represents a major opportunity for the Hexagon Cup to be fully integrated within the federative padel pyramid
- Official recognition builds on strategic partnership announced in February 2025 between Hexagon Cup, Premier Padel and FIP, under which Premier Padel is also a shareholder and major strategic partner in the new series
LONDON, Dec. 18, 2025 /PRNewswire/ -- Hexagon Cup, the team-based Padel tournament established in 2024 that revolutionised the sport's international landscape, has today announced an historic strategic alliance with 54, the global sport and entertainment agency behind the creation of LIV Golf, and the game's global governing body, International Padel Federation (FIP).
Under this agreement, 54 will invest and partner with Hexagon Cup to expand and elevate the initial project into its next phase: a new global team circuit, officially named the Hexagon World Series, in what will become the first team Padel series to be delivered under the governance of FIP, fully integrated into the federative padel pyramid.
The agreement positions Hexagon World Series as the sport's official global team circuit, governed by FIP and integrated fully into the official FIP calendar. The Hexagon World Series will expand the revolutionary team-based format of the Hexagon Cup into a series model, adding multiple events per year across new international locations. This expansion will open fresh commercial opportunities for fans, players and partners, while strengthening the overall FIP ecosystem and the Olympic dream alongside existing tours and FIP's governance.
The new circuit will complement Premier Padel, FIP's flagship professional tour for individual pairs, elevating Padel to a new level, whilst creating new value within a fully integrated commercial structure to sit at the top tier of the world's fastest growing sport.
Together, Premier Padel and the Hexagon World Series will form the global professional circuit for elite players: one tour for the world's top pairs, and one groundbreaking teambased competition, both under the governance of FIP.
Details of the new competition format, teams, calendar of events and global host cities will be unveiled in 2026.
54's investment is also the closing of an international financing round for Hexagon Cup, backed by a diverse group of global investors. These include PadelPark India, the British operator Padel Hub, the US-based Padel operator Epic Padel, as well as investment funds and platforms such as Players Fund (United Kingdom) and LinkinFirm (Brazil), alongside other strategic partners from Mexico, Spain, the United States and the Middle East. This multi-regional capital structure reinforces the strength of the project and its position to lead the international expansion of Padel.
Enrique Buenaventura, Founder of Hexagon Cup, said: "This partnership marks a new chapter in the history of padel. Together with 54, FIP and the support of, and fantastic relationship with, Premier Padel, we will build the first truly global team circuit, expanding the vision of the Hexagon Cup and creating something never seen before in our sport. Our mission is to help grow padel worldwide, unlock new commercial opportunities, and contribute decisively to its Olympic journey."
Luigi Carraro, President of FIP, said: "FIP's mission is to develop and grow Padel at every level of the pyramid – from grassroots and amateur participation to elite professional - all around the world. The launch of Hexagon World Series - under the umbrella and governance of FIP and as part of our official international calendar, already including the Cupra FIP Tour and Premier Padel – further enhances, consolidates and stabilizes our ecosystem with the most prestigious competitions in the sport. Together, we will ensure Padel continues to grow with the professionalism, global visibility and collaborative structure – working with all recognized stakeholders within Padel and world sport – driving Padel's long-term success on an international scale."
Gary Davidson, Group Chief Operating Officer, 54, said: "Padel is one of the fastest growing sports globally, and we see an incredible opportunity to help accelerate its professionalisation and global reach. "Teaming up with Hexagon Cup and FIP to create the Hexagon World Series is a natural extension of our commitment to building the world's most exciting sporting properties, molded through modern commercial structures and integrated into the existing ecosystem to deliver the best experiences for athletes and fans, and the best performance for partners and investors."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hexagon Cup, 54 and International Padel Federation unite to create the Hexagon World Series, the sport's first official team circuit, unifying the padel calendar alongside Cupra FIP Tour and Premier Padel
MUSCAT, Oman, Dec. 18, 2025 /PRNewswire/ -- Future Fund Oman announced record activity in 2025, approving 141 projects this year and lifting total commitments to $1.2 billion as the fund accelerates Oman's economic diversification agenda. Established by Oman Investment Authority with a capital commitment of $5.2 billion to be deployed over five years, the fund is now one of the region's fastest-expanding national investment vehicles, with all capital directed toward projects inside Oman and aligned with the priorities of Oman Vision 2040.
Investment activity has drawn growing private-sector participation from the United States, United Arab Emirates, Saudi Arabia, Egypt, China, and India. To date, Future Fund Oman has mobilized approximately $2.1 billion in additional private and foreign capital, including eight large-scale projects developed alongside global investors, banks, funds, and family offices. The fund said the rising leverage ratio reflects strengthening international confidence in Oman's industrial, manufacturing, and clean energy ambitions.
Job creation remains a key performance indicator. Projects approved since launch have generated more than 1,400 jobs, with thousands more in progress. Investments span five national priority clusters , energy transition, advanced materials, healthcare, logistics, and information and communications technology, reinforcing the fund's role in shaping the country's next phase of economic growth.
Flagship developments include a $1.6 billion solar-grade polysilicon manufacturing facility by United Solar, scheduled for completion in 2026. The project has already supported over 1,000 jobs and delivered more than $317 million in in-country value, while also attracting interest from international development finance institutions. Another major project is JA Solar's six-gigawatt solar cell manufacturing complex in the SOHAR Port and Freezone, a $442 million investment nearing key construction milestones. Once operational, the facility is expected to employ more than 500 people and expand Oman's foothold in regional clean energy supply chains.
Momentum also continues under the fund's SME and venture capital mandate. Since inception, 132 SME and VC projects have been approved, with $56.7 million committed and $37.4 million deployed through eight specialized vehicles covering pre-seed, seed, growth equity, and SME debt. Application volumes remain strong across both mandates, driven by sustained domestic and international interest in projects linked to industrial modernization, technology development, and clean energy.
Since launch, the fund has assessed 828 proposals and approved 141 projects valued at around $3.4 billion, spanning nine major strategic investments and 132 SME and venture capital initiatives. Its dual mandate guides capital toward both large national projects and smaller high-growth businesses, with a targeted 12 percent return and a 40 percent equity ceiling per investment.
Media contact:
OIA Press Office
Mobile: +968 92278104
Email: Media@oia.gov.om
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
FUTURE FUND OMAN COMMITS $1.2 BILLION AS $5.2 BILLION INVESTMENT PROGRAM ACCELERATES ECONOMIC DIVERSIFICATION
