The All India Tennis Association (AITA) had entered into a nine-year contract in 2014 with Second Serve Private Limited (SSPL), led by Amritraj, who was one of the Directors of the company.
The AITA Secretary General Hironmoy Chatterjee said that the organisers have failed to pay Rs 30 lakh to them as Annual Fixed fee for 2016 season, apart from 10 percent of surplus amount in the first two years.
"But later on, they said that the franchises would not agree to have it for just 2017 season. They insisted that we allow them to conduct it for nine year as per the agreement but our Executive Committee rejected it," Chatterjee.
The senior AITA official also said CTL organisers also failed to pay 10 per cent of surplus amount.
When contacted, Amritraj told PTI that they are completely shocked to hear the news. He also revealed that AITA had demanded to raise the Annual Fixed fee.
"They knew very well that we were regrouping and making efforts to revive it. They wanted to almost double the amount of fee," Amritraj said.
"They have all our balance sheets, that show we have incurred losses, so how we would have paid 10 percent of surplus when there was no profit," he said.
CTL CEO Arjun Rao said they were in the middle of reviving the league and were talking to teams and asserted that it was not a flawed financial model.
Amritraj said it was difficult to raise money for tennis in India and AITA's decision was very unfortunate.
"Why do you think we have only one ATP tournament in India in last 21 years. It is because it is difficult to get sponsors for tennis. But we were making efforts and they knew everything. I really don't understand why they did it."
Rao added that AITA never demanded the Fixed fee for 2016, so it was a big surprise for them.
Amritraj said it was setback for tennis in country.
"If Ramkumar won one set while playing against David Ferrer during the Spain tie, it was because he had practised with the same player during his CTL stint. We wanted to help our Indian players and it was great opportunity and exposure for them to play along side these players," Amritraj said.
Some of the global stars such as Martina Hingis, Feliciano Lopez, Jelena Jankovic, Agnieszka Radwanska, Garbine Muguruza and India's very own Leander Paes had competed in the League in the first two editions.
The AITA though will allow SSPL to place a fresh bid next year.
"We have told them they can apply next year, we won't stop them. We will give them preference," Chatterjee said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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