Sports

Piqué’s Kosmos group sues ITF over Davis Cup partnership

Former Barcelona defender Gerard Piqué's investment group Kosmos Tennis said Wednesday it has filed a multimillion-dollar lawsuit against the International Tennis Federation for ending their partnership to organize the Davis Cup.

Kosmos, which is chaired by Piqué, filed a suit at the Court of Arbitration for Sport blaming the ITF for an “unjustified termination of the contract between both parties for the organization of the Davis Cup for 25 years, and for damages to the company.”

The ITF earlier this month said it ended its Davis Cup partnership with Kosmos without providing details for the reasons behind the decision. It said it will run this year’s Davis Cup on its own.

Spanish media said the ITF was also considering legal action against Kosmos for allegedly not meeting the payments that had been agreed between the parts.

The ITF reached a 25-year partnership with Kosmos in 2018, when a new Davis Cup format was launched in an effort to revitalize the most prestigious team event in tennis and make it more lucrative.

Piqué, who ended his playing career in November, became the public face for Kosmos and had pledged that the group would invest $3 billion in tennis during the 25-year partnership.

___

AP tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_Sports

This story was originally published January 25, 2023, 3:19 PM.

FLASH SALE! Unlimited digital access for $3.99 per month
#ReadLocal

Don't miss this great deal. Offer ends on March 31st!

SAVE NOW
Copyright Privacy Policy Terms of Service