The governing body of men's tennis, the Association of Tennis Professionals (ATP) has announced details of a new team tennis event that will become the richest tournament on its tour.
Details of the ATP Cup were revealed at a news conference at London's O2 Arena this week, against the backdrop of the season-ending ATP Tour Finals. For the announcement, Kermode was joined by Tennis Australia CEO Craig Tiley and world number one Novak Djokovic.
The new event has been seen by some as a threat to the International Tennis Federation's (ITF) revamped Davis Cup, which returns in November 2019 with an 18-nation final in Madrid. The ATP Cup will then follow in the first week of January 2020 and will take place over 10 days in three Australian cities.
"This is never an attempt to damage the Davis Cup, but we have got to look forward," Chris Kermode, ATP President exclusively told CNBC. "I think they can run alongside each other. Other sports have shown you can have multiple team events. I think having them too close together is an issue, but I can see that being resolved at some point."