NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Sports News / Micromax no longer the stake holder in IPTL
    Next Article
    Micromax no longer the stake holder in IPTL

    Micromax no longer the stake holder in IPTL

    By Vaneet Randhawa
    Nov 20, 2015
    05:22 pm

    What's the story

    Micromax, the Indian consumer electronics company will not be associated as the stake holder in Indian-Aces franchise of Mahesh Bhupathi's International Premier Tennis League (IPTL).

    Micromax who held 60% stake in Indian Aces had decided to stay away from the knitty-gritty of the team's handling in the 2015 season.

    Shubhajit Sen, Chief Marketing Officer- Micromax, however said that Micromax will continue as a sponsor.

    Introduction

    The International Premier Tennis League is born

    The IPTL was started by Mahesh Bhupathi, the Indian tennis player.

    The tournament was scheduled to be held across 4 cities in Asia: Manila, Singapore, Delhi and Dubai from 28 Nov-13 December 2014.

    The League had 4 teams in the inaugural season: the Indian "Aces", Manila "Mavericks", the UAE "Royals", and Singapore "Slammers".

    The Delhi leg was to be played between 6-8 December.

    23 Sep 2014

    Micromax buys Indian Aces franchise in IPTL

    Micromax became the stakeholder of the Indian Aces franchise featuring in the International Premier Tennis League.

    The franchise includes tennis stars:"Roger Federer, Pete Sampras, Gael Monfils, Ana Ivanovic, Sania Mirza, Rohan Bopanna, and Fabrice Santoro."

    The amount given by Micromax for the ownership of the franchise was not announced by the IPTL, nor could it be ascertained if it was a "100% ownership".

    Personal

    Indian Aces win IPTL's inaugural season

    The inaugural 2014 season of the IPTL was won by Indian Aces after defeating the UAE Royals in Manila, Philippennes.

    18 Nov 2015

    IPTL 2015 to feature 5 teams

    The International Premier Tennis League's 2015 season is expected to begin from 2-20 December.

    The 2015 edition will feature five teams.

    The Japan Warriors, who will participate in Kobe, became the newest addition to 2015 season.

    Due to the increase in number of teams this season, the UAE Royals will have to play 12 matches whereas all the remaining teams will play 11 matches.

    18 Nov 2015

    Sports network giant partners with IPTL

    The 2015 league has allied with some of the world's largest sports broadcasters such as "ESPN, Fox Asia, Sky Sports, TV5, WOWOW, Eurosport, Tennis Channel, Star Sports, Abu Dhabi Media Group".

    All matches will have HD production quality with commentary by Robbie Koenig and Jason Goodall.

    The 2015 edition will reach UK, US, Middle-East, South-East Asia, Sub-Saharan Africa, and the Caribbean.

    Personal

    IPTL's primary sponsors

    IPTL's other sponsors include Coca-Cola (title sponsor) and Qatar Airways (league's presenting sponsor).

    20 Nov 2015

    Reason behind Micromax's exit

    A significant determinant in Micromax's decision was the internal evaluation which put the cumulative loss for Indian Aces in the first season at $3.58 million (Rs.23.7 crore).

    There were also rumours about "escalating costs and lack of transparency over how the money is being spent".

    However, Mahesh Bhupathi said that inaugural losses were common for every league and that they would eventually break even.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest

    Latest

    Prince, Arjun Bijlani, more reality stars who won jaw-dropping prizes Arjun Bijlani
    Tottenham Hotspur beat Manchester United, win Europa League title: Stats Tottenham Hotspur FC
    'Good Sex': All about Netflix romcom featuring Natalie Portman-Mark Ruffalo  Mark Ruffalo
    Mitchell Santner floors Delhi Capitals with 3/11: Key stats Mitchell Santner
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025