England and Wales Cricket Board chairman Giles Clarke believes a Twenty20 tournament similar to the Indian Premier League in this country would be "robust, spectator-friendly and economically sustainable".
The Daily Telegraph has reported Texan billionaire Allen Stanford, who has ploughed cash into a similar project in the West Indies, will tomorrow meet ECB representatives.
And Clarke believes an 'English Premier League' could be a reality within two years.
He said: "We don't want a knee-jerk reaction to the IPL, but we believe that we can set up a robust, spectator-friendly, economically sustainable competition of our own which will not cut across the core revenue streams of Test and one-day international cricket."
IPL chairman Lalit Modi - whose much-hyped competition begins this week - has reportedly indicated he may be interested in a partnership of some sort between the two competitions.