ITF: Davis Cup Finals financially covered and preparing for 2021 edition



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ITF: Davis Cup Finals financially covered and preparing for 2021 edition

The ITF insists cancelling this year's Davis Cup Finals won't impact the event negatively going forward as the organization has switched its focused to staging the event next year. The Davis Cup Finals, which held its inaugural edition last year, was won by Spain, which competed in front of their home fans in Madrid.

The major governing bodies of tennis have agreed to resume the season on August 14 but the ITF has decided to give up on cancelling this year's event though it was scheduled to take place in November. The coronavirus pandemic isn't slowing down and the ITF believes cancelling this year's event and not putting anyone in danger was the right decision.

"The ITF and Kosmos Tennis undertook extensive scenario planning, exploring feasible options to host the event safely. We strongly believe this is the right decision for the players and captains, the National Associations, the event organisers and the competition as a whole.

National associations and team captains were informed as soon as we were able to confirm the decision”. The ITF told UbiTennis.

ITF insists they are financially doing well

L'Equipe reported that Kosmos lost millions of euros last year and that calling off this year's Davis Cup Finals would save them around €18 million.

Ubitennis pressured the ITF but the organization didn't want to confirm that financial motives indeed impacted their decision on this year's event. "Postponing the Davis Cup Finals was an extremely difficult decision.

Delivering an international team event on this scale while guaranteeing the health and safety of all involved was ultimately not feasible at this time given the risks, restrictions, logistical challenges and continuing uncertainty caused by the global COVID-19 pandemic,” the ITF stressed.

"We looked at alternative scenarios, including playing behind closed doors, and selling only a limited number of tickets – but ultimately, they did not (a) fully enable the unique atmosphere that makes Davis Cup great and (b) make good commercial sense.

The important thing to note is that the event is financially covered and all stakeholders are already working towards the 2021 edition." After the changes to the Davis Cup were announced, a number of players and tennis figures spoke against the new format and weren't for the Davis Cup Finals. But some players have changed their views since and the ITF remains optimistic the new format will be a success.