The Champion of Champions features winners of World Snooker events over the preceding 12 months, with the field topped up, if necessary, from the current World Rankings. In 2015 the tournament had a prize fund of £300,000, of which £100,000 goes to the winner.
The event was not held in 1979 but appeared again in 1980 at the New London Theatre in Drury Lane, London but in a different format. Ten players competed in the tournament, split into two groups. Each group played a round robin with the winners of the groups advancing to the final. Doug Mountjoy beat John Virgo 10–8 in the final. The tournament was then abandoned since the audiences had been poor and the event financially unsuccessful.