Djokovic, Federer back new ATP Cup men's team event

Novak Djokovic and Roger Federer have backed a new men's team competition just a day after the Serbian raised concerns over the timing of the event, which will take place shortly after the revamped Davis Cup.

The ATP Cup, announced by the ATP and Tennis Australia on Thursday during the ATP Finals in London, will be played from 2020 across three Australian cities over 10 days in the lead-up to the Australian Open, the first Grand Slam of the year, which starts in January.

It will offer USD15 million (13.25 million euros) in prize money and up to 750 ATP Rankings points to the winners.

"I like that it's owned by ATP, by the players, and that we have ranking points, and it's going to be the best way to kickstart the season," said world number one Djokovic.

"More than 90 percent of the time we're playing as individuals and we don't have too many team events."

Federer was upbeat about the new event and said the Davis Cup would not suffer.

"Clearly if the World Team Cup is going to be held,