IPTL admits to financial problems

Published by Paul Moore

Economic issues are the reason behind Federer's withdrawal from the IPTL. Photo: Getty Images
Economic issues have impacted taken their toll on this year’s IPTL, according to a statement released by the organisation.

The IPTL has admitted that the tough economic climate is the reason behind Roger Federer and Serena Williams’ withdrawal from this year’s event. In a short statement released on Twitter, Manesh Bhupathi confirmed: “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.”

The announcement comes after a series of rumours surrounding the future of the event. After an impressive launch in 2014, the IPTL has struggled to garner the significant commercial or spectator interest needed to attract tennis’ biggest stars.

RELATED: Withdrawals of Federer, Serena highlight IPTL’s struggles

Despite the absence of Federer and Williams in 2016, the IPTL has still attracted Kei Nishikori, Nick Kyrgios and Ana Ivanovic.

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