After cash-bonanza IPL, it is supposed to see Stanford T20 series by England and Wales Cricket Board with Texan billionaire sir Allen Stanford. The ECB has been in discussion with Stanford, who is the backer of the West Indies Twenty20 competition, about the better exploit the growing popularity of this shortest format of cricket game. Stanford has proposed ECB in a series of one-off games between England and his all star side at his at his own ground in Antigua for £10million prize pots. His proposal involves for an annual quadrangular Twenty20 event in London at Lord’s.
Wednesday's news conference, which takes place on the same day that England's domestic Twenty20 Cup starts, follows last weekend's announcement of a new Champions League Twenty20 event involving domestic sides from England, Australia, India and South Africa worth five million dollars to the winners.So, they are going to organize a tournament where all the winners and runner-up teams of the domestic Twenty20 tournaments of Australia, South Africa, England and India will take part. Rajasthan Royals and Chennai Super Kings will appear in this tournament also. The winner of this tournament will earn 2.4 million pound (five million dollars).