The International Cricket Council gave its full backing to the Board's new proposal.
The high-profile league was announced by BCCI vice-president Lalit Modi. Top representatives of several Test-playing nations and the International Cricket Council were present.
Dravid, Sachin Tendulkar, Anil Kumble and former skipper Sourav Ganguly added a touch of glamour to the event by sharing the dais along with former New Zealand captain Stephen Fleming and former Australian pace spearhead McGrath.
India in the United Kingdom 2007