The Sportsmasters Network (TSN) plans to initiate a world tour which will feature events in Dubai, Thailand, Malta and China.

Under the plans announced on Wednesday the World Cup will be re-instated and prize money will be increased by 40%.

TSN will carry out their plan without the traditional backing or funding from the tobacco industry.

Time for change

The seven-time former world champion said the game needs a new focus.

"Everyone knows there has to be changes," said Hendry before flying out to play in the China Open.

He added: "The circuit has become jaded because nothing has developed in the last five or six years.

Hendry continued: "The possibilities in this new tour - with new locations, new events and new sponsors - are genuinely exciting.

"I know the majority of players would welcome such innovation, and this commercial approach is badly needed in snooker."