The new Tour Championship will be added to World Snooker’s calendar for the first time in 2019, televised by ITV4.
The event will run from March 19 to 24, with the leading eight players from the one year ranking list, after the seeding cut off point, competing for total prize money of £375,000 and a top prize of £150,000.
This follows in the series incorporating the World Grand Prix, which is for the leading 32 players on the one year list, and the Players Championship which is for the top 16.
All three world ranking events will be televised by ITV4 for the next three years.
World Snooker Chairman Barry Hearn said: “We are delighted to add the Tour Championship to our global calendar, it will be a highly prestigious event for the best players in the world.
“The race to qualify for this series of tournaments begins from the very first moment of the 2018/19 season, and every pound earned counts. All players will be striving throughout the season to move up the one-year ranking list and make it to these three crucial and highly lucrative events.
“We’re also thrilled to be working with ITV on this series for the next three years. They are a great team to work alongside, with fantastic production values. The viewing figures they receive for snooker are outstanding and growing year on year so their appetite for broadcasting our sport is growing in tandem. This is great news for snooker fans as the amount of coverage on television throughout the season continues to increase.”
The venue and ticket details for the Tour Championship will be announced soon, as will the calendar and seeding cut-off points for the 2018/19 season.