Particulars of the ATP Cup have been revealed at a information convention at London’s O2 Enviornment this week, towards the backdrop of the season-ending ATP Tour Finals. For the announcement, Kermode was joined by Tennis Australia CEO Craig Tiley and world primary Novak Djokovic.
The brand new occasion has been seen by some as a risk to the Worldwide Tennis Federation’s (ITF) revamped Davis Cup, which returns in November 2019 with an 18-nation last in Madrid. The ATP Cup will then comply with within the first week of January 2020 and can happen over 10 days in three Australian cities.
“That is by no means an try to break the Davis Cup, however we’ve got obtained to look ahead,” Chris Kermode, ATP President solely informed CNBC. “I feel they will run alongside one another. Different sports activities have proven you’ll be able to have a number of crew occasions. I feel having them too shut collectively is a matter, however I can see that being resolved sooner or later.”
The ATP Cup, which can conflict with the ATP’s Doha match, will see 24-nations cut up into six teams, with eight rising to compete in a knockout section.
“What’s in it for them is two-fold. It is a $15 million greenback prize pot. It will be the most important prize cash pot on our tour. Simply as importantly, they have an actual say on this occasion.” Kermode mentioned. “That is what the ATP is about, it is owned 50 % by the gamers and 50 % by the promoters, so it offers the gamers an enormous voice in our sport to have their very own occasion.’
The ATP acknowledges that for almost the previous 20 years, males’s tennis has been in an period of just about unprecedented high quality. The period of Roger Federer, Novak Djokovic, Rafael Nadal and Andy Murray has seen big progress by way of producing income, which has risen 62 % since 2012 to virtually $150 million. Whole prize cash for its sixty-four yearly occasions has elevated to $137.5 million for 2018.
The ATP may even be fully rebranded for 2019, centred on attracting in a youthful viewers, having recognized that the typical age of somebody who attends reside tennis is at present 61.
The six-week hole between the ATP Cup and the Davis Cup was earlier this yr labelled “insane” by Kermode, and on Wednesday Djokovic recommended it will end in “two common occasions”.
Nonetheless, talking on the official launch of the ATP Cup on Thursday, Djokovic appeared to again the brand new competitors.
“It is very nice to have a brand new contemporary crew occasion, the ATP Cup, to kick-start the yr in the very best method on our phrases,” mentioned the World Quantity One. “Clearly the Australian Open is without doubt one of the 4 Grand Slams that are traditionally the most important occasions in our sport and to have the ability to have a few weeks earlier than that an occasion like that is actually going to make an influence.”
Participation within the ATP Cup won’t be necessary and so in addition to big $15 million prize fund, the brand new match is providing as much as 750 rating factors, including to the inducement for the gamers.