Tennis - Ellison excited for Indian Wells to host revamped Davis Cup

Tennis – Ellison excited for Indian Wells to host revamped Davis Cup

Tennis – Ellison excited for Indian Wells to host revamped Davis Cup

LONDON Reuters – American billionaire Larry Ellison has thrown his weight in the back of the international Tennis Federation’s planned revamp of the Davis Cup and says Indian Wells may stage the adventure.

Larry Ellison, founder and former CEO of Oracle . watches a training race from a motor boat forward of the the usa’s Cup World series sailing competitors on the notable Sound in https://www.indo7poker.com/ Hamilton, Bermuda, October sixteen, 2015. REUTERSMike Segar graphic supplied by means of action photographs

The ITF introduced this year that it had sealed a 25-12 months $three billion partnership with investment group KOSMOS to transform the 118-year-old Davis Cup men’s team event into an 18-group, one-week season finale it truly is as a result of launch in November, 2019.

Ellison, who owns the Indian Wells Tennis backyard facility in the California wasteland as well as the Indian Wells Masters one thousand event, has invested in the proposed new experience to be widely used because the World Cup of Tennis.

“i’m very excited concerning the new format that the foreign Tennis Federation and KOSMOS have developed for Davis Cup and am in full guide of the plans that have been outlined for this historical competitors,” Ellison mentioned in an announcement posted on the desolate tract sun site.

“I simply include innovative concepts and alternatives which is why i am not handiest lending my written support, however will additionally become an investor in this competition.

“moreover, i am thrilled that the Indian Wells Tennis garden, one of the premier tennis venues on the earth, is being regarded to host 18 national groups and their associations, within the new Davis Cup Finals adventure in 2021.”

A two-thirds majority at the ITF annual popular assembly this month might be required for ultimate approval of the concept.

The aid of Ellison is a boost for the ITF which turned into criticised by using Tennis Australia over the weekend for an absence of transparency over its plans — a criticism it rejects.

The ITF’s shake-up of the Davis Cup has also been undermined after the men’s governing physique, the ATP, announced plans to introduce a rival 24-group World crew Cup, providing $15 million in prize funds plus rating facets, into the calendar to be played in Australia from early 2020.

KOSMOS president and founder Gerard Pique, the Spanish footballer who performs for Barcelona, welcomed Ellison’s investment.

“I in my opinion wish to publicly welcome Mr Ellison to this undertaking,” Pique pointed out on Twitter.

“we’re completely satisfied and proud to have him financially backing our commitment for boosting and reinforcing the Davis Cup.

“The contract reassures the sustainability and ambition of our engagement at the side of the ITF and i realize it should be welcomed as a good announcement for the world tennis group.”

The ITF tested on its website that Ellison would be investing within the venture.

Reporting by means of Martyn Herman, modifying by means of Ed Osmond

reinforcing the Davis Cup.

“The contract reassures the sustainability and ambition of our engagement at the side of the ITF and i realize it should be welcomed as a good announcement for the world tennis group.”

The ITF tested on its website that Ellison would be investing within the venture.

Reporting by means of Martyn Herman, modifying by means of Ed Osmond

 

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