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| October 11, 2008 | Saturday | Shawwal 11, 1429 |
Deal reached on Stanford tie
LONDON, Oct 10: The $20 million winner-takes-all Twenty20 Stanford match between England and a West Indies’ side in Antigua on Nov 1 will go ahead after an agreement was reached over sponsorship rights.
A statement on Thursday from Allen Stanford, who is bankrolling the match, said he had reached an agreement with Digicel, the official sponsors of West Indies cricket.
“I am pleased with both parties’ solution oriented approach and most importantly that this matter has been finally resolved,” Stanford said in the statement.
The match was thrown into doubt when the High Court in London upheld Digicel’s objection that the agreement between Stanford and the ECB compromised their exclusive rights to promote West Indies’ cricket.
—Reuters
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