In a major development, the England and Wales Cricket Board (ECB) has expressed interest in hosting a global T20 competition, akin to the defunct Champions League. Since franchise cricket is expanding rapidly in most nations, the ECB is now considering establishing a global T20 event featuring best teams from the largest leagues across the globe. The board is also attempting to make the competition financially healthy and played on a regular basis. ECB Eager for Champions League-Type T20 Competition Champions League T20, the erstwhile trending tournament, had a host of the best T20 sides in the world, including some of the top IPL teams. But the tournament was halted after six seasons because it did not have much viewership and there wasn't much interest from fans. Since nearly every cricket nation now has a T20 league of its own, the ECB is supporting the concept of reviving a similar international event. The proposal is to take the most competitive teams from various countries' leagues and pool them together for a high-level tournament. ECB CEO Richard Gould has addressed this concept and referred to the potential tournament as the "World Club Championship." He also hinted that it may begin in the immediate future if all the right pieces fall into place. To ESPNcricinfo, Gould said: "That is on the cards. Without doubt, at some point, there will be a World Club Championship - for both men and women. That's the next logical step." Also Read | Watch: Yashasvi Jaiswal Refuses to Walk After LBW Call Scheduling Challenges for New Global Tournament As India continues to provide a home to the IPL annually, Australia's Big Bash League (BBL) is in December-January. The ECB has continued with The Hundred, which is a hundred-ball tournament, while nations such as South Africa, West Indies, UAE, and the USA have witnessed their own competitions - the SA20, CPL, ILT20, and MLC - become increasingly popular. Earlier, the Champions League was organized by the BCCI, Cricket Australia (CA), and Cricket South Africa (CSA), but the ECB also sent teams. But in the previous two seasons of the Champions League, the ECB did not send teams because it conflicted with their County Championship schedule. As per the recent update, if the World Club Championship is approved, then the ECB may select teams from The Hundred rather than the T20 Blast. One of the largest issues faced by the organizers will be to fit in a suitable time slot in the already crowded cricket calendar, which is filled with leagues and international matches.