“The ITF confirms that its agreement with Kosmos Tennis for the Davis Cup ends in its fifth year”wrote the entity that governs world tennis.
The investment group Kosmos, whose president and founder is the former Spanish soccer player Gerard Piquéwas behind the revolution of the mythical tournament, proposing since 2019 a new format that ends with a final phase, seeking to make the competition more attractive and under the promise of investing US$ 3,000 million over a period of 25 years .
“The ITF has ensured that financial contingencies are covered and, as custodians of the competition, we will organize the 2023 qualifiers and finals as planned, with the eight-team finals being hosted in Malaga, Spain, in November”accurate.
A source close to the matter explained that the ITF and Kosmos failed to reach a new financial agreement.
Since its radical reform and the abandonment mainly of the formula of different duels with a team at home and another as a visitor, with matches to the best of five sets spread over a weekend, the Davis Cup has not been able to fully connect with that new public that he was chasing.
After the news broke, reactions began to arrive in the world of tennis. “I have always fought against this new format of the Davis Cup, an institution in our sport. It is a great victory for tennis,” wrote the president of the French Tennis Federation, Gilles Moretton, in a message broadcast to various media.
The ITF has not yet ruled on its plans for the Davis Cup beyond the 2023 edition.
Source: Ambito
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