ECB end Stanford links

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The Texan was on Tuesday charged with an alleged US dollars nine billion fraud by the Securities and Exchange Commission in America.

All negotiations between the ECB and Stanford were immediately suspended, and English cricket's governing body have announced they would not play any further Stanford Twenty20 matches in Antigua and had also shelved plans for the Quadrangular Twenty20 events - the first of which was due to take place at Lord's this May.

ECB chief executive David Collier said: "ECB was shocked by the charges filed against the Stanford organisation and personnel earlier this week by the SEC.

"Within minutes of the announcement, ECB determined to suspend any further discussions with Stanford and the board has now agreed to terminate the ECB's agreements with Stanford."

Under the deal struck between the ECB and billionaire financier Stanford last summer, England were due to play four further US$20million matches in the Caribbean, while the proposed Quadrangular events were scheduled to take place annually from 2009 to 2011, with each edition worth around US$nine million.

However, Collier reiterated at Thursday's Executive Committee meeting that the termination of that particular revenue stream would not affect the funds made available to counties this year.

"Given the uncertainty of the financial markets and the sponsorship dispute between Digicel and the West Indies Cricket Board over the matches in Antigua in 2008, the Executive Committee and board, when setting the 2009 budgets, took a prudent position in creating a contingency in case the Antigua matches did not proceed," Collier said.

"For that reason, ECB was able to confirm immediately to counties and the Recreational Assembly that there would be no impact on fee payments in 2009."