The International Tennis Federation (ITF) announced that Madrid will host the first two new-format Davis Cup finals in 2019 and 2020.
The new format was proposed by the Kosmos group headed by footballer Gerard Pique and was adopted by the International Tennis Federation (ITF) in August 2018.
The competition will engage 18 countries at one place for a week at the end of the tennis season.
The revamped finals will be conducted at La Caja Magica, the venue for Madrid Open in 2019. The venue for the 2020 event has not yet been decided.
The investment group Kosmos will spend $3 billion over 25 years on the revamped 118-year-old Davis Cup.
President: David Haggerty
Headquarters: London, United Kingdom