What Happened to Kosmos Global Holding S.L.?

Kosmos Global Holding S.L. was established in 2017 by former FC Barcelona and Spain international Gerard Piqué, aiming to revolutionize the sports and entertainment industry through strategic investments. The company quickly made headlines in 2018 by securing a monumental 25-year, $3 billion partnership with the International Tennis Federation (ITF) to transform the historic Davis Cup. This ambitious deal sought to modernize the men's national team tennis competition, replacing the traditional home-and-away ties with a week-long, multi-city tournament format.

Beyond tennis, Kosmos Holding diversified its interests, notably acquiring the Andorran football club FC Andorra in December 2018, and later a majority stake in Spanish football club Gimnàstic Manresa in July 2019. The company also ventured into media rights, securing Spanish broadcasting rights for the 2021 Copa América, and co-founded the esports team KOI in 2021. FC Andorra experienced success under Kosmos's ownership, achieving promotion to the Spanish Segunda División in May 2022.

A significant turning point for Kosmos Holding occurred in January 2023 when the ITF abruptly terminated its partnership for the Davis Cup, less than five years into the 25-year agreement. The termination stemmed from a dispute over annual fees, with reports indicating Kosmos failed to pay an annual fee of €40 million and sought to renegotiate due to low profitability, which the ITF refused. The ITF subsequently took over the management of the Davis Cup.

In March 2024, Kosmos Holding faced further scrutiny when the Spanish Tax Agency launched an investigation into the company's role and intermediation fees related to the agreement that brought the Spanish Super Cup to Saudi Arabia. This investigation, part of a broader inquiry into alleged irregular contracts within the Royal Spanish Football Federation (RFEF), led to a judge ordering the temporary blocking of a Kosmos bank account in April 2024, specifically the one receiving payments from the Saudi Federation for the Supercopa's organization. Kosmos maintained that no crime was committed and that the measure was disproportionate.

As of October 2026, Kosmos Holding continues its operations, with FC Andorra competing in the Spanish Segunda División and extending its stadium lease until May 2026, and then for two more seasons in July 2026. Gerard Piqué's overarching holding company, Kerad Holding SL, which encompasses his various business ventures including stakes in Kosmos entities like Kosmos Studios and the Kings League, reported a net income of nearly €1.5 million for the 2025 fiscal year. This indicates that despite past controversies and the high-profile Davis Cup termination, Piqué's business empire, including its Kosmos-linked ventures, remains active and profitable, albeit with some restructuring, such as a collective redundancy process affecting 40 employees of the Kings League in Spain.