Stanford 20/20 Tournament

[JAS]

Don't know if this breaking news will be of inerest to you chaps or affect your cricket in any way...

Sir Allen Stanford has been arrested and charged with fraud...big time

http://www.ft.com/cms/s/0/7b159fda-fd13 ... ck_check=1

If anyone is wondering...who???...this is what Wiki says about his involvement in sport...

Sports

Stanford and his companies have established a significant presence in golf, polo, tennis, cricket and sailing, sports which are popular among Stanford’s wealthy clients. Stanford Financial Group is the title sponsor for such sporting events as the Stanford US Open Polo Championship, the Stanford USPA Silver Cup, the Stanford Antigua Sailing Week, the PGA Tour Stanford St. Jude Championship, and the Stanford International Pro-Am. In 2009, the final event of the LPGA season, now known as the ADT Championship, will be renamed the Stanford Financial Tour Championship. Stanford also sponsors professional golfers Vijay Singh, Camilo Villegas and David Toms as well as Morgan Pressel on the LPGA Tour. In tennis, the company is a sponsor of the Sony Ericsson Open. Stanford also sponsors the Champions Series Tennis Tournaments featuring Jim Courier, John McEnroe and Pete Sampras.

Stanford created and funded the Stanford 20/20 cricket tournament in the West Indies, for which he built his own ground in Antigua. The first Stanford 20/20 Cricket Tournament was held in July and August 2006. The second tournament took place in January and February 2008 with a global television audience of 300 million.[6] Trinidad and Tobago took first place in this tournament. This team also took home the US280k Super Series prize after defeating Middlesex on 27 October 2008. [7]

In June 2008 Stanford and the England and Wales Cricket Board (ECB) signed a deal for five Twenty20 internationals between England and a West Indies all-star XI with a total prize fund of £12.270m (US $20 million) to be awarded to the team that wins the Championship. It was the largest prize ever offered to a team for a single tournament.[8] This was in jeopardy after a row with Digicel, the sponsors of the West Indies cricket team, who were unhappy about sponsorship of the event. Eventually, the dispute was sorted out and the first Championship was won by Stanford Superstars, who defeated the England team by 10 wickets, humiliating them in the Twenty 20 arena. [9]

Regards
JAS

[Dogmatic]

Don't know if this breaking news will be of inerest to you chaps or affect your cricket in any way...

Sir Allen Stanford has been arrested and charged with fraud...big time

http://www.ft.com/cms/s/0/7b159fda-fd13 ... ck_check=1

If anyone is wondering...who???...this is what Wiki says about his involvement in sport...

Sports

Stanford and his companies have established a significant presence in golf, polo, tennis, cricket and sailing, sports which are popular among Stanford’s wealthy clients. Stanford Financial Group is the title sponsor for such sporting events as the Stanford US Open Polo Championship, the Stanford USPA Silver Cup, the Stanford Antigua Sailing Week, the PGA Tour Stanford St. Jude Championship, and the Stanford International Pro-Am. In 2009, the final event of the LPGA season, now known as the ADT Championship, will be renamed the Stanford Financial Tour Championship. Stanford also sponsors professional golfers Vijay Singh, Camilo Villegas and David Toms as well as Morgan Pressel on the LPGA Tour. In tennis, the company is a sponsor of the Sony Ericsson Open. Stanford also sponsors the Champions Series Tennis Tournaments featuring Jim Courier, John McEnroe and Pete Sampras.

Stanford created and funded the Stanford 20/20 cricket tournament in the West Indies, for which he built his own ground in Antigua. The first Stanford 20/20 Cricket Tournament was held in July and August 2006. The second tournament took place in January and February 2008 with a global television audience of 300 million.[6] Trinidad and Tobago took first place in this tournament. This team also took home the US280k Super Series prize after defeating Middlesex on 27 October 2008. [7]

In June 2008 Stanford and the England and Wales Cricket Board (ECB) signed a deal for five Twenty20 internationals between England and a West Indies all-star XI with a total prize fund of £12.270m (US $20 million) to be awarded to the team that wins the Championship. It was the largest prize ever offered to a team for a single tournament.[8] This was in jeopardy after a row with Digicel, the sponsors of the West Indies cricket team, who were unhappy about sponsorship of the event. Eventually, the dispute was sorted out and the first Championship was won by Stanford Superstars, who defeated the England team by 10 wickets, humiliating them in the Twenty 20 arena. [9]

Regards
JAS

The fallout from this could be massive to the sporting community.

[wycbloods]

Fraud, shouldn't there be a new word for it when it involves 8 Billion dollars. That is a fair amount to be accused of.

[Adelaide Hawk]

What's the bigger fraud .... Sir Allen Stanford, or 20/20? They deserve each other.

[JAS]

Now if they could just find the bugger

http://news.bbc.co.uk/1/hi/world/americas/7898569.stm

It's the poor average joe in Antigua who wasn't allowed to get their money out of the bank yesterday that I feel sorry for.

Hope the WAGS will be a bit more selective next time they want to act like lap dancers on heat

Regards
JAS

[brod]

One of the most embarrassing misjudgments in the history of English cricket has ended with Allen Stanford, the disgraced Texan financier, being found guilty of a multi-billion dollar fraud.

Stanford, who has been found guilty in a Houston court on 13 out of 14 charges, including conspiracy to defraud, was once fondly viewed by the ECB as the great benefactor of English cricket, a tycoon who would single-handedly counter India's growing domination since the launch of IPL.

Sentencing is not expected for several months and Ali Fazel, Stanford's attorney, indicated that his client could yet appeal. Stanford, 61, could face up to 20 years in prison.

[stampy]

money talks over there, he will appeal and get off, ask OJ

[Interceptor]

money talks over there, he will appeal and get off, ask OJ

The same OJ who is currently in prison?
[Yeah, he got off the murder charge, but Nicole Simpson's family got him on a 'wrongful death' suit, which cost him big $]

[Ewok]

What's the bigger fraud .... Sir Allen Stanford, or 20/20? They deserve each other.

100% correct Adelaide Hawk, Stanford is shonky and so is 20/2
. Both are a blight on the game