Complex sentence: The tournament was sponsored by Liverpool Victoria for all but the last two events and broadcast on ITV, but was dropped from the calendar after the 2001 event when ITV discontinued its snooker coverage.
Split into simpler sentences: The tournament was sponsored by Liverpool Victoria for all but the last two events. The event was broadcast on ITV, but was dropped from the calendar after the 2001 event when ITV discontinued its snooker coverage.