Barcelona, August 6th - Kosmos is pleased to announce that Larry Ellison is set to become an investor in the Davis Cup reform project that the Company is developing in partnership with the International Tennis Federation (ITF).
In a letter published today, Monday 6th August through his official website, Ellison announced his support for the reform programme that will launch in 2019.
I readily embrace innovative ideas and opportunities which is why I am not only lending my written support, but will also become an investor in this competition.
Larry Ellison, who also owns the Indian Wells Tennis Garden facility in California as well as the Indian Wells Masters 1000 tournament, also expressed his support for the possibility of Indian Wells being a potential venue for the 2021 edition of the new competition.
Gerard Piqué, Kosmos President and Founder, said:
I personally want to publicly welcome Mr. Larry Ellison to this project, being an enormous privilege for us. We are very pleased and proud to join forces and have him financially backing our commitment for boosting and reinforcing the Davis Cup by BNP Paribas. The agreement reassures the sustainability and ambition of our engagement together with the ITF and I know it will be welcomed as a positive announcement for the global tennis community
Kosmos is partnering with the ITF on this historic and ambitions roadmap to reform the Davis Cup that will create a unique season ending finale with 18 tennis nations and their tennis stars performing in a world class city and venue. The project will create historic levels of investment in grassroots tennis and all the national tennis associations thanks to a 25 year long agreement between Kosmos and the ITF. The proposal remains to be ratified by national associations on August 16th in Orlando, Florida (USA) at the ITF Annual General Meeting.
Kosmos, a company founded and chaired by the professional football player Gerard Piqué, and backed by Hiroshi Mikitani -Chairman and CEO of Rakuten (TYO: 4755)-, is currently building a global portfolio of sports, media and entertainment ventures, leveraging strategic synergies across forms of content, platforms, technologies and geographies.