The Professional Squash Association has confirmed its Women’s World Championship will be staged in Kuala Lumpur this April ©Getty Images

The Professional Squash Association (PSA) has confirmed its Women’s World Championship will be staged in Kuala Lumpur this April, four months later than initially scheduled after the event was controversially cancelled in December.

The tournament, billed as the most lucrative in the history of the women’s tour, is due to take place at the Bukit Jalil Stadium from April 23 to 30.

It was originally due to be held from December 11 to 18 but was postponed due to financial issues within organisers Hallmark Events Group.

According to Malaysian Youth and Sports Minister Khairy Jamaluddin, the company had demanded a sum of RM3.5 million (£553,000/$835,000/€768,000) for private security arrangements for the tournament, which was refused by the Ministry.

Jamaluddin remained defiant, insisting he "wouldn't be blackmailed" and alleged that Hallmark admitted to him in an email that they were "facing financial problems" and that a "large part of the reason why they decided to postpone the tournament is because of sponsorship".

The PSA said today that an agreement has now been reached with promoters Sportspin Event & Athlete Management, who will stage the tournament in association with the Squash Racquets Association of Malaysia (SRAM).

"We are pleased to have reached a resolution with all relevant stakeholders that will allow us to stage the event this April," said PSA chief executive Alex Gough.

"The PSA Women’s World Championship is the most important event of the year for our female athletes, and ensuring that they are presented with an opportunity to compete for a world crown has been foremost in our discussions with Sportspin."

The competition in Malaysia had been due to take place between December 11 and 18
The competition in Malaysia had been due to take place between December 11 and 18 ©Getty Images

Sportspin’s director Azlan Iskandar added: "We are very pleased to have reached an agreement with the PSA and look forward to staging the PSA Women’s World Championship in Kuala Lumpur this April.

"I would like to thank the Malaysian Sports Minister, Khairy Jamaluddin, along with the Ministry of Youth and Sports and SRAM, for their support and collaboration over the past few weeks as we have worked hard towards putting together a framework for a fantastic event."

Hallmark Events Group is an international event management company and had been given the rights to organise the 2014, 2015 and 2016 Women’s World Championship.

Malaysia was awarded the next three editions of the event in April 2015, the first time this had been done in the competition’s history.