England are set to be offered £50million to play five Twenty20 matches against a West Indies all-star side.

Earlier this week, the England and Wales Cricket board revealed they were "very likely" to accept around £10million for a one-off match in the Caribbean that would be the richest single game in the sport's history.

The idea is the brainchild of billionaire Sir Allen Stanford, who wants to expand the concept.

The Texan, who finances the Stanford 20/20 Tournament in the West Indies, held talks with ECB chief executive David Collier on Tuesday.

"I talked to David about the first game and then how we could collaborate in the future," Stanford told The Times.