Cox says Ushuaïa will be "given the keys" to the neighbouring club when current Space owner Pepe Rosello departs.
Cox, who recently confirmed that he is retiring his Space Ibiza residency in 2016, told inthemix: "Pepe [Rosello], the owner of Space, his contract is up at the club. He's going to be 80 years old and will officially be out. It gets handed over to Ushuaïa Group across the road and its manager, Jan, will be given the keys to run Space. And once that happens, everything changes. So I have no desire to stay in that club for any reason."
He added: "They want me to stay from a business point of view—it makes sense for them, but it's not what I want in my heart. And if I was going to stay, I'll tell you now, it'd only be because they were giving me one million euros to DJ. I'd be like 'Wooo!' every night, I'd get up for 90 minutes to mix and pocket €1 million playing all the records from Beatport, and there would be as many VIP tables as possible. I'd be smiling all the way to the bank. But my heart tells me I will not ever do that—because if Pepe's not there, I am not there. We grew up together, we've been all the way through this together, and we're going to finish together. And I'm quite happy about that, because it means we leave the legacy of a club that made a difference. We can walk away with that—the legendary status of what used to happen at Space when we were there—because no one else can emulate that, it's not possible."
This week Cox also revealed his plans to launch a new techno festival in Australia next year. In Ibiza, meanwhile, local authorities have decided that all clubs will have a 6:30 AM closing time next summer.