The Champions League Twenty20 competition has been discontinued with immediate effect due to lack of interest.
The Governing Council of the CLT20 came to an agreement with the Board of Control for Cricket in India, Cricket Australia and Cricket South Africa to scrap the tournament.
"This has been a difficult decision as the Champions League T20 provided added context to a number of domestic Twenty 20 competitions around the world such as the IPL in India, Big Bash League in Australia and South Africa's Ram Slam T20," supersport.com quotes BCCI honorary secretary Anurag Thakur as saying.
"It was a fantastic platform for players from around the world to showcase their talent and the participating teams thoroughly enjoyed the experience over the last six seasons. Unfortunately, off the field, Champions League T20 wasn't sustaining the interest of the fans as we had hoped.
"This decision was made, after consultation with all our commercial partners and meeting the contractual obligations of all parties involved. The Governing Council would like to thank everyone involved with the CLT20 and all those who participated in the tournament."
The competition, which was launched in 2009, was due to be played in September and October this year.