If true, this is not good, especially for Windies cricket:

The newspaper claims that Stanford decided on Tuesday to axe his so-called board of legends, whom he had recruited as brand ambassadors. It reported that he lost more than US$40 million on the inaugural Stanford 20/20 for 20 and failed to break into the lucrative US television market, which was one of his core objectives. [LINK]

Personally, I'm not sure why Stanford is looking to break the US market. Even soccer has appalling ratings, and it's been around for so long. Not to mention that the US is a half-decent team (qualified for five straight World Cups) and that it is the number one sport played in school. No harm in trying I guess, but betting loads of cash on it is a foolish and pointless idea, IMO.

A Stanford bailout would also confirm the fact that all roads to cricket riches go through the BCCI and Indian corporate sponsors. And that's not necessarily a bad thing at all (my only reservation being the banning of ICL players, but that's a separate issue for another time).