England and Wales Cricket Board announces 2023 Ashes venues

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While the European Central Bank has yet to officially confirm the teams that will contest the new competition, it has dropped a significant clue by announcing the venues that will stage matches from 2020-2024.

In total, 30 Test Matches, 30 One-Day Internationals, 30 International T20 matches, 10 domestic finals, as well as the eight partnership agreements for the new eight-team T20 competition were awarded over the five-year period.

After the approval of the recommendations from an independent Host Venue Panel, led by European Central Bank deputy chairman Ian Lovett, a statement said: "They provide a strong geographical spread, high capacity for attendance, quality experience and access for the widest audience".

Eight teams will feature - all owned by the European Central Bank - and will face off in an IPL play-off style system.

The ECB instead opted to stick with the hosts of the 2019 series - Edgbaston, Headingley, The Oval, Lord's and Manchester's Old Trafford.

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Trent Bridge has missed out as a 2023 Ashes venue, having hosted a Test in the 2013 and 2015 home series.

Not only will the prospect of two Test matches with Australia help the club to clear its historic debts, but these two matches - and a raft of other worldwide and T20 matches secured by Headingley - will be genuine money-spinners for the wider Yorkshire economy.

"We will continue to identify future opportunities for the club and although we're disappointed with not being given the chance to host one of the regional teams in the new T20 tournament, we will continue to back the competition and encourage sports fans to get behind it".

"European Central Bank deputy chairman Ian Lovett said: "(Wednesday's) discussion and decision followed a rigorous, comprehensive and detailed process by the independent Host Venue Panel, in which they assessed a range of high-quality submissions and presentations.

"The ECB board recognised the quality and integrity of the process and has endorsed the recommendations, with the next stage the detailed discussion and agreement with each of these selected venues".