The Worldwide Tennis Federation is ending its Davis Cup partnership with the non-public funding group fronted by former Barcelona soccer star Gerard Piqué, which helped revamp the storied competitors in 2018.
The ITF signed a 25-year partnership with Kosmos Tennis in 2018, when a brand new Davis Cup format was launched in an effort to revitalize essentially the most prestigious group occasion in tennis and make it extra profitable. However the ITF introduced Thursday that it had ended the deal, with out offering particulars for the explanations behind the choice, and stated it is going to run this yr’s Davis Cup by itself.
“The ITF can affirm that its partnership with Kosmos Tennis for Davis Cup is ending,” the federation stated in a press release. “The ITF has ensured monetary contingencies are in place and because the custodian of the competitors we'll function the 2023 Qualifiers and Finals as scheduled, with the Closing 8 happening in Malaga, Spain, this November.”
Piqué, who ended his taking part in profession in November, grew to become the general public face of Kosmos and had pledged that the group would make investments $3 billion in tennis through the 25-year partnership. Kosmos didn't instantly reply to a request for remark.
The 2023 Davis Cup format contains a group stage between 16 groups in September earlier than a closing knockout event between the final eight in November, with every match that includes two singles and one doubles match. Earlier than the revamp, it was historically performed over 4 weekends all year long with best-of-five matches.
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“The ITF negotiated a robust deal for tennis in 2018. The partnership elevated participation, prize cash and curiosity in Davis Cup and produced funding to assist the worldwide improvement of our sport,” the ITF stated. “In addition to being targeted on delivering one other spectacular version of the lads’s World Cup of Tennis, we're targeted on the long run development of the biggest annual worldwide group competitors in sport.”
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Publish date: 2023-01-13 11:08:07
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