£50m Twenty20 series launched
June 11, 2008

Other Sports - CRICKET

According to reports, England have agreed to play five winner-takes-all £10m Twenty20 matches in the Caribbean after signing a deal with Sir Allen Stanford.
 

The first match will be on 1 November against Stanford's Super Stars at Sir Allen's cricket ground in Antigua.

Winning players will receive £500,000 each, with another £1m split between the rest of the squad and coaches.

The remaining £3.5m will be divided between the England and West Indies Cricket Boards.

It is believed to be the richest team prize for a single sporting match.

The deal will be for five years with a match being held annually in November.

Sir Allen arrived at Lord's for the announcement by private helicopter, landing on the nursery ground.

The launch was attended by a number of past cricket stars including Sir Ian Botham, Sir Viv Richards, Sir Garfield Sobers, Sir Everton Weekes, Curtly Ambrose and Nasser Hussain.

And during the event, $20m (£10m) in cash was brought on to the stage to highlight the serious amount of money involved.

The agreement is part of Sir Allen's ongoing initiative to try and reverse the decline of West Indies cricket.

He has been bankrolling a local Twenty20 tournament in the Caribbean since 2006, with $2m prize money on offer, and the Stanford Super Stars will be made up of these players.

"It is one night, winner-takes-all $20m," said Sir Allen, who claimed in April that Twenty20 cricket could replace football as the biggest game in world sport in less than 10 years.

"The winner goes home happy, the loser goes home unhappy.

"We had to create something that had never been done before and take cricket to the previous level in the Caribbean, we have not been running our sport at a professional level."

Asked why he chose the England and Wales Cricket Board, Sir Allen replied: "We know they have the best organisation, management and structure to develop cricket in the 21st century. They are getting my support."

Sir Allen, 58, first offered a $5m (£2.5m) one-off winner-takes-all match to South Africa but they declined because the dates were impractical.

He then tried to entice India and doubled the prize money but they also refused.

 

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