Kosmos takes Davis Cup row with ITF to top sports court
Gerard Pique’s company are “claiming damages” for “the unjustified termination of the contract,” a spokesperson for Kosmos said Wednesday.
Published : Jan 25, 2023 23:25 IST , Madrid
David Haggerty (R), President of the International Tennis Federation poses with with Gerard Pique, Founder of Kosmos sports group. | Photo Credit: AFP
Gerard Pique’s investment group Kosmos has taken its dispute with the International Tennis Federation (ITF) to the Court of Arbitration for Sport, citing “unjustified termination” of its contract to organise the Davis Cup.
The former Barcelona defender’s company are “claiming damages” for “the unjustified termination of the contract,” a spokesperson for Kosmos said Wednesday.
In January the ITF announced the end of the agreement with Kosmos, originally a 25-year deal worth $3 billion which commenced in 2019.
A source close to the matter said the ITF and Kosmos had failed to reach a new financial agreement.
Reports in Spain over the past week suggested the ITF had been considering taking Kosmos to court over the issue.
The 2019 Davis Cup finals were the first in a single-city format, one of the changes made under the widely-criticised partnership between the ITF and Kosmos.