London, March 27 -- The International Tennis Federation has settled its dispute with Gerard Pique's investment company after their multi-billion dollar deal to organise the Davis Cup ended abruptly in 2023.
Kosmos, founded by the former Barcelona defender, and the ITF announced a 25-year, $3bn (£2.25bn) partnership in 2018 in a bid to revamp the men's national team tournament, the BBC
reported.
The ITF said at the time of the deal that it would safeguard the historic Davis Cup and provide an extra $25m a year for the global development of the sport.
The partnership with the 2010 World Cup winner's company also saw the format of the 123-year-old tournament change to an end-of-season 'World Cup-style' event, a change that proved contr...