Highlights

  • The investment group Kosmos promised to invest $120 million per year in 2018.
  • The deal was worth $3 billion

Latest news

India's semiconductor push gains momentum as Odisha signs chip technology MoU with Intel, 3DGS

India's semiconductor push gains momentum as Odisha signs chip technology MoU with Intel, 3DGS

ScamMukt Launches India's Dedicated AI Scam Protection App -- Because Spotting a Scam Is Now a Basic Survival Skill for Every Indian

ScamMukt Launches India's Dedicated AI Scam Protection App -- Because Spotting a Scam Is Now a Basic Survival Skill for Every Indian

Lakshya Powertech Limited Announces H2 FY26 and FY26 Results

Lakshya Powertech Limited Announces H2 FY26 and FY26 Results

Delhi HC issues summons, signals interim protection for actor Naga Chaitanya's personality rights

Delhi HC issues summons, signals interim protection for actor Naga Chaitanya's personality rights

Why My Interior Designers Is Becoming Relevant to Both Interior Seekers and Interior Professionals in India

Why My Interior Designers Is Becoming Relevant to Both Interior Seekers and Interior Professionals in India

Subhash Ghai shares glimpse from Salman Khan's 'Maatrubhumi' screening, wishes him "grand success"

Subhash Ghai shares glimpse from Salman Khan's 'Maatrubhumi' screening, wishes him "grand success"

boAt launches India's first Type-C charging Smartwatch lineup

boAt launches India's first Type-C charging Smartwatch lineup

Tim Hortons® India Introduces All-New Refreshing Matcha Coolers

Tim Hortons® India Introduces All-New Refreshing Matcha Coolers

International Tennis Federation ends Davis Cup deal with Gerard Pique's investment group

In 2018, the deal was signed for a period of 25 years but ITF decided to end the agreement in less than 5 years.

International Tennis Federation ends Davis Cup deal with Gerard Pique's investment group

Less than 5 years after it was signed, the International Tennis Federation (ITF) ended its 25-year-long Davis Cup deal with former Barcelona player Gerard Pique's investment group Kosmos

ITF and Pique's investment group came together in 2018 in an agreement worth $3 billion for 25 years.

The investment group Kosmos promised to invest $120 million per year in 2018 to revamp the competition for the benefit of all stakeholders.

Also read: Australian Open: Novak Djokovic and Rafael Nadal can only meet in the final

However, ITF hasn't clarified yet why they ended the partnership less than 5 years into the deal, and there has been no comments from Kosmos as well.

ADVERTISEMENT

Up Next

International Tennis Federation ends Davis Cup deal with Gerard Pique's investment group

International Tennis Federation ends Davis Cup deal with Gerard Pique's investment group

Iran 'negotiating' with FIFA over moving World Cup games to Mexico: embassy

Iran 'negotiating' with FIFA over moving World Cup games to Mexico: embassy

IPL first phase schedule announced amid travel concerns caused by war in West Asia

IPL first phase schedule announced amid travel concerns caused by war in West Asia

Rinku Singh’s father Khanchand Singh passes away after battling stage 4 liver cancer

Rinku Singh’s father Khanchand Singh passes away after battling stage 4 liver cancer

T20 World Cup: Abhishek, Hardik help India pulverise Zimbabwe by 72 runs; stay in semis race

T20 World Cup: Abhishek, Hardik help India pulverise Zimbabwe by 72 runs; stay in semis race

T20 World Cup: Clinical South Africa hammer West Indies by nine wickets, tighten grip on semifinal spot

T20 World Cup: Clinical South Africa hammer West Indies by nine wickets, tighten grip on semifinal spot

ADVERTISEMENT

editorji-whatsApp

More videos

New Zealand knock out Sri Lanka from T20 World Cup with dominant Super Eight win

New Zealand knock out Sri Lanka from T20 World Cup with dominant Super Eight win

T20 World Cup: India seek answers to top-order worries in must-win Super 8s game against Zimbabwe

T20 World Cup: India seek answers to top-order worries in must-win Super 8s game against Zimbabwe

Ranji Trophy Final: J&K consolidate to 527/6 as sparks fly post Dogra head-butt

Ranji Trophy Final: J&K consolidate to 527/6 as sparks fly post Dogra head-butt

Lucknow Super Giants unveil new logo ahead of IPL 2026 season

Lucknow Super Giants unveil new logo ahead of IPL 2026 season

It was a mistake: Bucknor regrets wrong decision against Tendulkar after 22 years

It was a mistake: Bucknor regrets wrong decision against Tendulkar after 22 years

Pakistan to tour Bangladesh next month for 3-match ODI series

Pakistan to tour Bangladesh next month for 3-match ODI series

Australia captain Marsh says team respects criticism back home for T20 World Cup debacle

Australia captain Marsh says team respects criticism back home for T20 World Cup debacle

Australia tour fiasco: Pakistan government revokes hockey captain Butt's 2-year ban

Australia tour fiasco: Pakistan government revokes hockey captain Butt's 2-year ban

Brevis, bowlers make short work of UAE as SA finish group stage with all-win record

Brevis, bowlers make short work of UAE as SA finish group stage with all-win record

J&K make history, enter Ranji Trophy final for first time in 67 years

J&K make history, enter Ranji Trophy final for first time in 67 years

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.