New Launch13 Jun 2025, 01:59 pm
Iconik Sports And Events Ltd Partners with World Tennis Company DWC-LLC to Launch International Tennis League in India
AI Summary
Iconik Sports And Events Ltd, formerly known as ID Info Business Services Limited, has entered into a License Agreement with World Tennis Company DWC-LLC, a company incorporated under the laws of UAE. The agreement grants Iconik Sports and Events Ltd the license to conduct, organize, and operate an international tennis league in India, featuring multiple teams owned by franchises and including both Indian and international players. The league will consist of matches, player auctions, ceremonies, and events. Iconik Sports and Events Ltd will pay WTL a license fee equivalent to 40% of the revenue earned from each WTL event completed by the company.
Key Highlights
- Iconik Sports And Events Ltd has entered into a License Agreement with World Tennis Company DWC-LLC to launch an international tennis league in India.
- The league will feature multiple teams owned by franchises and include both Indian and international players.
- Iconik Sports and Events Ltd will pay WTL a license fee equivalent to 40% of the revenue earned from each WTL event completed by the company.
- The agreement has a term of 10 years.
- The partnership aims to boost brand visibility, generate diverse revenue streams, nurture local talent, and engage a wide audience through a globally styled, franchise-based league format.