The Professional Squash Association (PSA) has reached agreement with the World Squash Federation (WSF) for the major men's championship in the sport to become a WSF-owned title.
In return the WSF has licensed back the operating rights to the event to PSA.
Until this agreement was signed, the WSF owned all other World Squash titles, including the Men's and Women's World Team Championships and the Women's World Open Championship.
This new initiative places all World titles directly in WSF ownership and, it is claimed, reinforces the unity of the sport as it awaits the decision in July as to whether it will be included in the 2012 Olympic Games programme.
Jahangir Khan, president of the WSF, said: "I am convinced that there is no other sport in the world where the ties between the professional organisations and the international federation are so close and where such excellent cooperation exists.”
