The International Tennis Federation said Thursday that it’s miles finishing its extensively-criticised partnership with the Kosmos organization over the employer of the Davis Cup, just five years after a deal really worth $3 billion turned into signed.”The ITF can affirm that its partnership with Kosmos Tennis for Davis Cup is ending in its 5th 12 months,” a spokeswoman instructed AFP.
A 25-12 months deal turned into signed with Kosmos, which is owned by using Spanish soccer celebrity Gerard Pique, in 2018 however the revamped match has attracted huge grievance over its layout.
“The ITF has ensured economic contingencies are in area and as the custodian of the opposition we can operate the 2023 Qualifiers and Finals as scheduled, with the Final 8 taking area in Malaga, Spain, this November,” added the spokeswoman.
“The ITF negotiated a sturdy deal for tennis in 2018. The partnership extended participation, prize money and interest in Davis Cup and produced investment to help the worldwide improvement of our recreation.”
A source close to the employer stated both aspects could not reach a deal over the monetary phrases and that the ITF will resume the going for walks of the event which turned into first staged in 1900.
The 2019 Davis Cup finals have been the primary in a single-town format, ending a long way of life of domestic and away ties which had been performed over 3 days with 4 singles and a doubles.All rubbers were first-rate of five sets.
Last 12 months, 16 teams performed in 4 towns with the pinnacle eight moving on to the very last week in Malaga.
The new format became dogged by way of low attendances and overdue finishes.
Several pinnacle gamers have skipped the Davis Cup in current years.
Rafael Nadal helped Spain win on domestic soil within the inaugural new-appearance Davis Cup Finals in 2019, however has now not featured in the match due to the fact that.
Novak Djokovic skipped the 2022 match for Serbia.
When the new-appearance event become released Roger Federer admitted he was “sad not to have the Davis Cup because it used to be”.
“It will never be the equal for the next technology,” introduced the now-retired Federer who won the Davis Cup with Switzerland in 2014.
Australia’s Davis Cup captain Lleyton Hewitt, a former international number one who performed in his usa’s 1999 and 2003 triumphs, has been one in all the most important critics.
“I think having the finals in one place is ridiculous. I personally do not assume all the top players will play,” said Hewitt whilst the rebooted Davis Cup become launched in 2019.
“Now we are being run with the aid of a Spanish soccer participant… It’s like me popping out asking to exchange matters for the Champions League – it’s ridiculous.”
When his crew misplaced the 2022 final 2-0 in sooner or later to Canada, he was still as combative.
“Certain humans put Band-Aids on troubles,” he stated.
The Davis Cup become added to the ATP circuit for the primary time closing yr.
“As well as being targeted on delivering some other extraordinary version of the men’s World Cup of Tennis, we’re focused at the future boom of the largest annual international group competition in recreation,” introduced the ITF spokeswoman.