|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Sports (Click here for more)

Davis Cup Gets Major Overhaul Backed by Barça’s Pique

LONDON – The International Tennis Federation announced a plan on Monday to transform the current Davis Cup format through a partnership with the Kosmos investment group, the founder and president of which is Gerard Pique, who plays as a defender for Spain and the La Liga soccer club Barcelona.

The proposal, which still requires the approval of the ITF during its annual general meeting in August, involves a weeklong, 18-country season-ending World Cup of Tennis Finals to be held in one city starting from 2019, according to the federation’s website.

“This is a complete game-changer for the ITF and for tennis. Our Board has supported a bold and ambitious plan for the future of Davis Cup by BNP Paribas, one of the sport’s most cherished and important events and a key cornerstone in our ITF2024 strategy,” the ITF President David Haggerty said.

“Our vision is to create a major season-ending finale that will be a festival of tennis and entertainment, featuring the world’s greatest players representing their nations to decide the Davis Cup champions,” Haggerty said.

The new format involves $3 billion in investments over 25 years from Pique’s investment group Kosmos, which is backed by Hiroshi Mikitani, the chairman and chief executive of Japanese e-commerce firm Rakuten.

“Kosmos is thrilled to join in this exciting partnership with the ITF. Together we can elevate Davis Cup by BNP Paribas to new heights by putting on a must-see World Cup of Tennis Finals featuring the top nations and top players,” the ITF website cited Pique as saying. “Kosmos will also invest $3 billion over 25 years into tennis that will help develop the game worldwide.”

With a Group Stage qualifying for the quarterfinals, each tie of the new format would include two singles rubbers and one doubles rubber.

The World Group nations will book an automatic place in the Finals, plus another two teams to be selected, without any alterations on the zone group competition format.

The Davis Cup’s current format includes 16 teams that fight for the title over four knockout stages held between February and November.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved