ECB terminates contracts with Stanford group
The England and Wales Cricket Board said on Friday it had terminated its contracts with the financial group headed by Texas billionaire Allen Stanford.
“The England and Wales Cricket Board today served notice that it was terminating, with immediate effect, its contracts with the Stanford group and would therefore not be proceeding with any further Stanford Twenty20 matches in Antigua or the Stanford-sponsored international Quadrangular Twenty20 events in England.”
Stanford has been accused of an $8 billion fraud and was served with a formal complaint by FBI agents in Virginia on Thursday.
