Davis Cup: the Federation of International Tennis and the Gerard Pique company establish the legal dispute

The International Tennis Federation has resolved its controversy with Gerard Pique’s investment company after their multimillary agreement to organize the Davis Cup ended abruptly in 2023.

Kosmos, founded by the former Barcelona defender, and the ITF announced a 25 -year partnership and $ 2.25 billion) in 2018 in an attempt to renew the tournament of the male national team.

The ITF declared at the time of the agreement that would have safeguarded the historic Davis Cup and would provide an extra year of $ 25 MMA for the global development of this sport.

The partnership with the company of the 2010 World Cup winner has also seen the format of the 123 -year -old tournament change in an event in the “World Cup” style event, a change that proved to be controversial among the players.

But the partnership It was finished in 2023 When Kosmos tried to renegotiate the agreement, with the ITF who claimed to have “ensured that they were in place financial contingencies” for the competition that began in 1900.

Kosmos then filed a case at the Court of Arbitration for Sport which accused the ITF of an “unjustified resolution” of the contract and claiming damage.

However, a resolution was reached, with the ITF that says: “Kosmos and ITF have reached a friendly resolution regarding their previous contractual disagreements relating to the organization of the Davis Cup.

“Both organizations mutually want success in their future projects.”