The Swiss superstar had been scheduled to play for the Indian Aces in the lucrative International Premier Tennis League (IPTL) in Hyderabad, India on December 10.
But on Tuesday, IPTL founder and managing director Mahesh Bhuphathi said Federer and also 22-time grand slam singles champion Serena Williams wouldn't be competing in the event after all.
"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," former doubles player Bhupathi said in an emailed statement.
"They have been both been very supportive of the IPTL the first two seasons and we look forward to bring them in future years."
That means Federer fans will now have to wait until January 2 to see the 17-time grand slam winner in action. He's scheduled to play Dan Evans and Heather Watson of Great Britain in the mixed team Hopman Cup in Perth, Australia alongside fellow Swiss Belinda Bencic.
