Crossing of demands between the ITF and Kosmos for the Davis Cup

However, it could not meet the 43.5 billion dollars that the ITF was asking for or the 10.8 billion that it had to allocate to the participants.

Therefore, the ITF announced for this reason on January 12 the end of the agreement with Kosmos.

Now, the ITF has returned to take control of the competition, although it is considering a new format. At the same time, it is studying legal measures against Kosmos for the accumulated debts and for damages for the bad image that the end of said agreement transmits.

Last week the ITF announced that the Davis Cup was not in danger, so the 2023 edition will take place as planned, so it will carry out the qualifiers and the final phase of 2023 as stipulated, with the Final to 8 in Malaga in November.

After various efforts to boost the competition, at last year’s tournament, four countries, including Great Britain, staged a group stage in September, before the quarter-finals, semi-finals and final were held in Malaga ( Spain) in November. Finally, Canada lifted the trophy while the organization highlighted the success of attendance with 176,740 spectators who attended the group stage and the final, compared to just over 100,000 in 2021.

The ITF has not yet ruled on its plans for the Davis Cup beyond the 2023 edition.

For his part, Kosmos filed a lawsuit against the International Tennis Federation (ITF) before the Court of Arbitration for Sport (CAS) for “unjustified termination” of the contract to organize the Davis Cup.

Release

Kosmos issued a statement and reminded that the prize money will be paid in due time when the requirements of the nations are met. In addition, he stressed that he would continue to be closely linked to the professional tennis sector through Kosmos Management, which recently added tennis players Borna Ćorić, Elina Svitólina and Andréi Rublev to its list of represented athletes.

He also highlighted that the company will continue with its other successful projects such as Kings League, FC Andorra and the Balloon World Cup, as well as its different business units: Kosmos Management, Kosmos Studios, Kosmos Team, Goatch and Koi (both created with the streamer Ibai Llanos) and Kosmos Media.

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.