The Champions League Twenty20 or the CLT20 was an annual international Twenty20 cricket competition, played by domestic teams of 8 nations (India, Australia, New Zealand, Pakistan, South Africa, West Indies, England and Sri Lanka). Launched in 2008, the tournament was chaired by N. Srinivasan (former chairman of the ICC). The New South Wales Blues emerged champions of the tournament that won the prize money of $2.5 million. Chennai Super Kings of India is the most successful team in the franchise history with two titles to their name. Owing to bad sponsorships, poor viewership, and other factors, the franchise was shut down. The three cricket boards met and decided on 15th July 2015, to bring it to an end. The Champions League Twenty20, held in 2014, was the last tournament of the franchise.