Snooker is facing a financial crisis after two of its largest financial supporters have announced withdraw. 888.com, the gaming company and the major sponsor of the World Snooker Championship, the most important event of the sport, has cut off its 5 years sponsorship contract after 3 years and at the same time, Saga Insurance, had quit supporting the Wembley Masters. The fiscal damage to snooker is estimated in £1.5 million. It is the second serious financial crisis faced by snooker due to lack of sponsors that followed the 2005 tobacco sponsorship ban. 

Here’s a reminder from snooker better days, when snooker players used to smoke and drink anything but water during championships:

This entry was posted on Sunday, August 10th, 2008 at 6:46 am and is filed under Pool Tournaments, Snooker, Pool Players. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.