Double disappointment for World No.1 Djokovic
January 5, 2013 -- Updated 2126 GMT (0526 HKT)
World number one Novak Djokovic won his singles clash in the Hopman Cup final but Spain took the title.
- Novak Djokovic's Serbia beaten by Spain in Hopman Cup final
- Djokovic and Ana Ivanovic beaten in deciding mixed doubles in Perth
- World No.1 won his singles match against Fernando Verdasco
- Tournament Djokovic owns in Serbia has been axed from 2013 ATP schedule
(CNN) -- World No.1 Novak Djokovic ended up on the losing side in the Hopman Cup final Saturday just 24 hours after it was announced that the ATP 250 tournament he owned back in his native Serbia had folded.
Djokovic and former World No.1 Ana Ivanovic were beaten in the deciding mixed doubles 6-4 7-5 by Fernando Verdasco and Anna Medina Garrigues as Spain won the final 2-1 to claim the trophy at the mixed team event in Perth.
Djokovic beat Verdasco in the opening rubber 6-3 7-5 but Ivanovic suffered a surprise 6-4 6-7 6-2 defeat to veteran baseliner Garrigues in their singles tussle as Spain drew level.
Djokovic's family has run the Serbia Open tournament, which was scheduled to take place from April 29 to May 5 in Belgrade, since 2009.
Staged on an outdoor clay court, it acted as a warm-up event for the French Open and was the first ATP tournament to be held in the country..
Djokovic finishes season on top
Djokovic beats Federer in ATP final
Novak Djokovic targets more success
Pat Cash reflects on epic Aussie final
He had won the title twice, most recently in 2011, while Italy's Andreas Seppi claimed the crown in 2012 in what has turned out to be its last staging.
Djokovic had opted not to play in his own event, dramatically reducing its appeal.
A statement by Djokovic's Family Sport company, the tournament organizers, was posted on the official ATP Tour website to confirm the decision, but without giving any reasons.
"We have made the most rational decision considering the circumstances. We are grateful for everyone's contribution and help in running this event that brought a lot of international stars and attention to Serbia," it read.
"Unfortunately, we will not be able to run the Belgrade tournament and we have decided to cease the tournament's operations from 2013."
Djokovic has suffered mixed fortunes since arriving in Australia for the defense of the title at the opening grand slam of the season later this month.
Jetlagged on his arrival from Abu Dhabi, he suffered a scare when a crowd barrier collapsed on him during his opening match, a straight sets win over Seppi.
He was also beaten by Bernard Tomic in his singles rubber in the match against hosts Australia, but against Verdasco in the final he showed the form which has kept him at the top of the world rankings for the past two seasons.
He then had to watch Ivanovic lose a two-hour 38 minute tussle with Garrigues before they were second best in the doubles.
Last year, the Serbian duo reached the final, but an abdominal injury to Ivanovic ended their chances.
"We were unfortunate last time, this time we were beaten by a better team," Djokovic said after their defeat.
Part of complete coverage on
April 2, 2014 -- Updated 1420 GMT (2220 HKT)
At the 2009 Australian Open, French men's tennis was the talk of the town.
April 15, 2014 -- Updated 1800 GMT (0200 HKT)
Rafael Nadal may be most at home on a clay tennis court, but he has always found comfort on the sea.
March 21, 2014 -- Updated 1107 GMT (1907 HKT)
Tennis star Venus Williams reveals how she is beating the autoimmune disease that derailed her career.
March 5, 2014 -- Updated 1014 GMT (1814 HKT)
After two decades dedicated to the game, Amelie Mauresmo wants a second life -- one away from tennis.
Almost five years to the day after reducing Roger Federer to tears at the Australian Open, Rafael Nadal shed a few in his own loser's speech.
February 2, 2014 -- Updated 0248 GMT (1048 HKT)
Li Na outperformed Maria Sharapova at the Australian Open, but can she now surpass the Russian as the world's richest female athlete?
Roger Federer may have lost again to Rafael Nadal in the business end of a grand slam, but he can take some heart from yet another record says CNN's Will Edmonds.
January 21, 2014 -- Updated 1358 GMT (2158 HKT)
Roger Federer and Stefan Edberg, Novak Djokovic and Boris Becker -- today's tennis stars are teaming up with past legends of the game.
January 15, 2014 -- Updated 1859 GMT (0259 HKT)
Can't stand the heat of the first tennis grand slam of 2014? Then you clearly haven't been doing enough Bikram yoga.
After nearly a decade without any real change at the top of men's tennis, CNN's Will Edmonds looks at next generation of future stars.
January 9, 2014 -- Updated 1314 GMT (2114 HKT)
Ana Ivanovic is still seeking to rediscover the form that took her to the top of the rankings -- but she has found a new lease of life.
January 6, 2014 -- Updated 1142 GMT (1942 HKT)
As a teen sensation, Bernard Tomic had the tennis world at his feet -- but he's in danger of blowing it, says Australian great Pat Rafter.
Today's five most popular stories