“After the termination by the ITF there is now a dispute between us in which we claim up to 50 million dollars”he claimed Pique in an interview published this Thursday by the newspaper Brand.
“We can’t say more due to confidentiality restrictions. But I’m very proud of everything we did.”added the former soccer player Barcelonawho defended the management of the Davis cup made by your company.
“We believe that what we did with the Davis Cup is a resounding success story. We arrived with a competition that was decadent, it was in low hours. And at a sporting, economic level, above all, and audiences, we turned the game around. tournament”stated to Brand.
“We multiplied revenue by four in one year. We went from three to fifteen sponsors. What happens is that in 2020 Covid arrives and disrupts everything in all sports”assured the president of Kosmos.
How had the agreement for a renewed Davis Cup been?
Kosmos had closed a 25-year agreement in 2018 with the ITF to organize the Davis cupbut last January the federation announced that it was regaining control of the competition and ending its agreement with the Pique.
A source close to the case then explained that the ITF and Kosmos they failed to reach a new financial agreement.
“We had an agreement with the ITF, that we paid them a very important amount of money, I would say that it was out of the market, 40 million a year”he claimed Pique to Brand.
“In 2020 there was no Davis Cup, during a part of 2021 it was played behind closed doors… The fixed price we were paying was out of the market”insisted the former soccer player.
“We found ourselves with the Covid, which was something impossible to foresee”he recalled, explaining that “Many leagues and federations adapted to this situation and the ITF decided not to want to renegotiate those terms. So from one day to the next the agreement ends.”
Kosmos revolutionized the format of the Davis cup since 2019. The popular duels with a local team and another visitor were abandoned, with matches in five sets and dates spread throughout the year. Since that 2019, the tournament ends with a final phase, but the new formula did not quite meet the high expectations generated.
Source: Ambito
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