UK sports promotional company Matchroom Sport has launched a new division as it seeks to further diversify its portfolio.

The English capital of London will host the World Cup of Pool later this year, it has been announced.

The Billiards and Snooker Federation of India (BSFI) has unveiled an eight-team tournament based on the successful franchise model established in the country by cricket’s Indian Premier League (IPL).

Organisers of the World Cup of Pool have announced that the 2014 edition of the annual event will take place in the English city of Portsmouth.