ITF settles legal dispute with former Davis Cup partner Kosmos

ITF settles legal dispute with former Davis Cup partner Kosmos

Owned by former Barcelona soccer player Gerard Pique, Kosmos signed a 25-year deal worth $3 billion to co-run the men’s Davis Cup team competition in 2018.

The International Tennis Federation has been in conflict with the investment group for two years.

Tennis-ITF settles legal dispute with former Davis Cup partner Kosmos

LONDON (Reuters) - The International Tennis Federation has settled its dispute with investment group Kosmos after their Davis Cup partnership was abruptly terminated in 2023. Read full story

The judicial battle between Kosmos and the ITF concludes with an agreement in which both sides separate their paths

ITF and Kosmos settle Davis Cup dispute - Ministry of Sport

The International Tennis Federation (ITF) has successfully resolved its dispute with Kosmos, the investment firm led by former Barcelona defender, Gerard Piqué, following the abrupt conclusion of their ambitious multi-billion dollar agreement for the management of the Davis Cup in 2023. In 2018, Kosmos and the ITF embarked on a transformative 25-year partnership valued at $3 billion (AUD$4.76 billion), aimed at breathing new life into the presti…

It seemed to be a deal capable of relaunching the Davis Cup, but in the end it turned out to be nothing done. The duo ITF and Kosmos, the sports club of former soccer player Gerard Piquè, has created more problems on both sides: from mutual accusations to broken contracts, through a series of lawsuits. The goal in 2019 to revolutionize the oldest national team sports competition of all sports had not gone as hoped, triggering the definitive brea…