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Page last updated at 08:55 GMT, Sunday, 10 May 2009 09:55 UK
English cricket board statement

The England and Wales Cricket Board responds to Panorama's programme about Sir Allen Stanford.

"At the time of the accusations against Allen Stanford we answered all the questions to every conceivable outlet of the BBC and therefore those answers have been available to this programme.

"Instead of revisiting the questions we are more interested in looking at the lessons learnt and any structural or procedural changes needed in the present economic world. We are working closely with relevant government departments on identifying and tackling the challenges facing all Governing bodies during these uncertain financial times.

"On the second question, ECB is not a financial regulatory body. No regulatory body expressed any concerns about Stanford when we announced the contract in June 2008.

ECB conducted due diligence on the original deal and was in the process of conducting another round of due diligence on the revised proposals early this year. Stanford had been a sponsor of many major events in golf, tennis, yachting, polo and, in the West Indies, cricket as well as a host of individual athletes for a considerable number of years without any suggestion of problems from regulatory authorities and his company paid in full after the match in Antigua as per contract."


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