Okayosmos, the occasions firm chaired by Gerard Pique, has filed a million-dollar lawsuit towards the Worldwide Tennis Federation (ITF) earlier than the Court docket of Arbitration for Sport (CAS) for the “unjustified” termination of the contract that existed between the 2 events for the organisation of the Davis Cup for 25 years and for the damages induced to the corporate by this breach.
The corporate is thus forward of the Worldwide Federation within the rumours reported by L’Equipe wherein it was said that the entity presided over by David Haggerty can be prepared to take Pique’s firm to court docket for breach of contract.
The ITF and Kosmos reached an settlement for the Spanish firm to function the highest group tennis competitors in change for a payment, which was initially estimated at 40 million {dollars} and which was revised after COVID-19 hit.
It presents but extra work for Pique who solely simply retired from soccer however has been making headlines for his cut up with Shakira and his relationship with Clara Chia.
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Information Abstract:
- Tennis: Pique’s firm Kosmos takes ITF to CAS for breaking Davis Cup deal
- Examine all information and articles from the most recent Tennis updates.