Cash crunch: Roger Federer, Serena Williams not to participate in IPTL this year
The cash crunch, which India is facing following the Nov 8 announcement by the Centre to ban old Rs. 500 and Rs. 1000 currency notes, have led to the move, the organizers said.
Mahesh Bhupathi, founder and Managing Director of IPTL, said: "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 been both been very supportive of the IPTL the first two seasons and we look forward to bring them in future years."
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
