Highlights

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

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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.

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.

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