Contractual issues with the West Indies Cricket Board (WICB) have forced Sir Allen Stanford to review his commitment to cricket in the Caribbean.
News reports claimed that he had severed his links with the game, but the billionaire issued a statement to say that while he had dissolved the Stanford 20/20 board he was still keen to work with the England and Wales Cricket Board (ECB).
"The Stanford 20/20 Board was dissolved on Monday December 15th pending the review and Sir Allen Stanford personally thanked each of the legends of West Indies cricket for their involvement, guidance and counsel over the past three years," the statement read.
"The Board has been integral to Stanford 20/20's commitment to the development of West Indies cricket and the board members continue to play an important role in the review process.
Stanford himself added: "Stanford 20/20 and the efforts of its board have reinvigorated widespread interest in the game throughout the Caribbean and have enhanced the image of West Indies cricket globally. The board has been instrumental in developing
a whole new fan base in the region."
Stanford confirmed that he would not be cutting his ties with cricket, and that he wants to continue to work with the ECB with regard to the Stanford 20/20 for 20, the Quadrangular Tournament at Lord's and the English Premier League.
He added that he intends to announce the programme for 2009 and beyond by the end of January 2009.
© Cricket World 2008