Gerard Piqué He suffers a setback again that could cost him many millions of euros. The International Tennis Federation (ITF in its acronym in English) would be willing to bill Kosmos, the company of the former striker of the Barça team, after breaking the agreement unilaterally.
The contract that the ex Shakira signed in 2019, it established that he acquired the rights to organize the Davis Cup for 25 years, but the athlete was forced to finish everything after he failed to reduce the amount of 40 million euros that was the cost of each edition .
The athlete’s proposal was for the ITF to accept less than that amount, and when he failed to do so, he terminated the contract, which was seen as a breach by the aforementioned international tennis authorities.
“The Davis Cup cannot become the Piqué Cup”: Roger Federer was the great opponent of the Kosmos agreement and warned of the meddling of a footballer in the tennis business
For damages they could sue Kosmos, Gerard Piqué’s company
According to Sport, the ITF is preparing a million-dollar claim for damages against Kosmos, the company owned by Gerard Piqué, as a claim against the unilateral breach of the agreement signed to carry out the Davis Cup.
Unexpectedly, the ex-husband of the Latin superstar made the decision to end the agreement that was to last more than two decades, and in view of this ruling, the organization is willing to pay the amount owed.
The Spanish media revive Piqué’s statements from the past, when the million-dollar agreement was signed. “I perceive this as a long-term project. The agreement is for 25 years”, he said, showing his satisfaction with what had been achieved, a situation that left Kosmos as a company of hierarchy in the international market.
However, in the midst of this conflict, the French newspaper L’Équipe described the recent announcement by the Spanish businessman as the result of “mismanagement in the corporate economy”, which made it impossible to cancel the agreed economic agreements.
The Parisian media went further and specified the financial disaster that Piqué is facing. “The financial hole was such that Kosmos would not have been able to pay the players of the eight teams present in Malaga last November 2022 during the round of 16 of the Davis Cup (Italy, United States, Germany, Canada, Australia, Netherlands, Croatia and Spain). The same goes for tax deductions. Therefore, it is up to the ITF to liquidate these debts after the breach of said agreement”.
Faced with this scenario, serious rumors arise that ensure that the ITF will not sit idly by and its legal representatives prepare a lawsuit that will allow them to face the debts that are maintained with players and the treasury.
For damages
The legal measures are currently being studied by the International Tennis Federation team, and according to the French outlet, the sports organization is convinced that they will win the case against the former soccer player.
Control of the organization of the Davis Cup was once again in the hands of the sports organization, which is not willing to forgive the businessman for the accumulated debts and the damages caused by the bad image caused by the untimely end of the agreement.
In this way, the name of Piqué is no longer part of the controversy that generated his break with Shakira, when the businessman ended their relationship, after being unfaithful to the Colombian singer in a humiliating way, and presenting his new girlfriend in a concert, while they kissed and were very affectionate. (AND)
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Source: Eluniverso
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