ECB 'unaware' of Stanford reports
The England and Wales Cricket Board have claimed they now nothing about reports suggesting Sir Allen Stanford is set to end his involvement in cricket.
Texan billionaire Stanford only signed a five-year mega-money deal with the ECB in the summer.
However reports in the Daily Mail have claimed Stanford is set to terminate that contract after deciding to end his involvement with Twenty20 cricket in West Indies.
The newspaper report Stanford has lost $40million on the venture already, with half going to his victorious Super Stars team following the Twenty20 showdown against England, and half in television and sponsorship deals connected to the event.
Stanford was expected to fund the competition for a further four years, while he was expected to bankroll the England Premier League Twenty20 tournament from 2009.
However ECB chairman Giles Clarke, who is in Mohali with the England team, has yet to be told of any developments.
"We are unaware of the alleged developments," claimed an ECB spokesman.
"One of the problems we have is that we are five-and-a-half hours ahead of London, who in turn are five hours ahead of America so we are going to have to juggle time zones."
Stanford is reported to have already terminated the contracts of his eight Legends, which include Sir Viv Richards, Curtly Ambrose and Courtney Walsh - and the end of his relationship with the Windies cricket has hit the board's finances hard.