MADRID – Former Barcelona defender Gerard Piqué’s investment group Kosmos Tennis said Wednesday it has filed a multimillion-dollar lawsuit against the International Tennis Federation to end its partnership to stage the Davis Cup.
Kosmos, which is led by Piqué, filed a case at the Court of Arbitration for Sport, accusing the ITF of an “unjustified termination of the contract between both parties for the organization of the Davis Cup for 25 years and for damages to the company.”
The ITF said earlier this month it was ending its Davis Cup partnership with Kosmos, without giving details of the reasons behind the decision. It said it would run this year’s Davis Cup on its own.
Spanish media said the ITF was also considering legal action against Kosmos for allegedly failing to meet the payments that had been agreed between the parties.
The ITF reached a 25-year partnership with Kosmos in 2018 when a new Davis Cup format was launched in a bid to revitalize the most prestigious team event in tennis and make it more lucrative.
Piqué, who retired in November, became the external face of Kosmos and had promised the group would invest $3 billion in tennis over the course of the 25-year partnership.