The England and Wales Cricket Board (ECB) raised the prospect of a lucrative Twenty20 series against a West Indies team on Tuesday after confirming they had held further talks with Texas billionaire Allen Stanford.

Stanford, who launched a domestic Twenty20 competition in the West Indies, met with ECB chief executive David Collier and Julian Hunte, president of the West Indies Cricket Board (WICB), on Monday to discuss a range of issues.

It follows previous meetings between Stanford, ECB chairman Giles Clarke and the WIBC in Bangalore last week.

"It was confirmed that the meeting had identified proposals which would provide a legacy to the development and infrastructure of cricket in the Caribbean in addition to a series of international matches," the ECB said in a statement.