The British bank Barclays has decided not to renew its sponsorship of the ATP Tour Finals.

It has sponsored the tournament since 2009 and is committed for another two events. The company said the decision was "due to a change in commercial priorities," and has also stopped its sponsorship of the soccer Premier League.

However, according to the Daily Mail, the tournament will stay in its current location at the O2 arena in London. Other cities, including Abu Dhabi and Beijing, have expressed interest in the event, which previously moved from city to city.

The tournament has enjoyed record attendance in London, with 263,560 people attending in 2014 (across eight days with two sessions a day).

The ATP has signed a new tour-level sponsor, however, with Peugeot becoming the official car of the tour. The company will provide 500 cars as part of the deal, and will be a platinum sponsor. The French car maker also sponsors Novak Djokovic and Davis Cup, among other tennis commitments.