Indian Premier League chairman Rajeev Shukla has revealed that the Board of Control for Cricket India (BCCI) is looking to do away with the Champions League Twenty20 competition.
Elaborating on the possibility, Shukla added that a different tournament is likely to take the place of CLT20 although the idea was still in its budding phase.
"Yes, we are planning to do away with the Champions League T20," said Shukla.
“"In place of that, we are considering an alternative league.
“But at the moment all this is at the planning stage.”
BCCI secretary Anurag Thakur along with Shukla will be conducting detailed discussions considering all possible options before making a final decision.
Claiming to have a variety of options in hand, Shukla said that the meetings will go forward in full swing after the current IPL season is over.
"Several ideas are coming and honourable secretary and myself are considering those ideas.
“We will sit together after the IPL gets over and try and plan out something.”
Shukla insisted that there wasn’t any concrete development at the moment to announce and maintained that a call will be taken in the near future.
"At the moment we don't have anything in hand, but yes we are in the process of bouncing off ideas.
“When something concrete comes up, we will certainly bring it to everyone's notice."
India, Australia and South Africa are the major stakeholders of the CLT20 which has also seen teams from West Indies, Pakistan and Sri Lanka participating in it.
The cancellation of the tournament will hinder the monetary benefits of IPL players who have CLT20 deals mentioned in their contracts.
The non-Indian teams also benefit from the tournament as they stand to receive an amount of $200,000.
Reports suggest that the teams making the IPL playoffs are likely to be involved in a tournament in the United Arab Emirates although confirmation is awaited.
© Cricket World 2015