T20 Champions League Confirmed

This summer's domestic Twenty20 competition will offer a potential £2.5million jackpot to the finalists after an inaugural Champions League competition was confirmed today.

Both the winners and runners-up in the 2008 tournament, which starts next week, will participate in an eight-team event this autumn.
Original proposals were that the winners of the multi-national showdown would pick up £1million.
However, that has been revised to two-and-a-half times that figure with the 20-over game's appeal highlighted by the recent Indian Premier League.
Two teams each from India, Australia, South Africa and England will take place in a venue yet to be confirmed - either India or the Middle East.
England and Wales Cricket Board chairman Giles Clarke and chief executive David Collier have been in discussion with their international counterparts this week.
The 15 matches will take place immediately after the end of the Champions Trophy in Pakistan, which concludes on September 28.
Shane Warne's IPL champions Rajasthan Royals and runners-up Chennai Super Kings will be joined by Victoria, Western Australia, the Titans, of Pretoria, and KwaZulu-Natal Dolphins.
"We are extremely grateful to our great friends from Australia, India and South Africa for their hard work and determination to get this tournament off the ground," said Clarke.
"The ECB Twenty20 Cup will be even more fiercely contested this season in the knowledge that the two teams who reach the final will qualify for the Champions League and the chance to win five million dollars.
"I am sure that the demand for tickets for this year's ECB Twenty20 Cup will be greater than ever."