International Premier Tennis League organisers have been forced to cut costs during the Indian leg of the competition as a result of economic uncertainty in the country.
The Indian government announced the demonetisation of Rs500 and Rs1000 notes last month leading to a downturn in the economy.
Event drawcards Roger Federer and Serena Williams were expected to line up for the Indian Aces and Singapore Slammers respectively before withdrawing just before the start of the tournament.
IPTL founder and director Mahesh Bhupathi explained in a statement, “We have had challenges this year, and we were hoping to get past them.
“With the current economic climate in India and the uncertainty of spending money, I reached out to both Roger and Serena to explain the situation.
“They have both been very supportive of the IPLT (in) the first two seasons and we look forward to bringing them in future years.”
The IPTL had already been reduced to competing in three cities from the five cities that had featured in the previous two years while one less team is competing in the tournament.
Pic Credit: Vinod Divakaran/Wikimedia Commons