The Governing Council of the Champions League Twenty20 on Wednesday confirmed that the competition would be discontinued with immediate effect.
The Council, comprising representatives of the Board of Control for Cricket in India, Cricket South Africa and Cricket Australia made the decision unanimously.
As such, the 2015 CLT20 scheduled for September and October will not go ahead as planned.
The competition was launched in 2009 by the BCCI with CA and CSA.
The Governing Council determined that the discontinuation of the league was the most appropriate decision due to the tournament's limited public following.
It says the Champions League provided added context to a few domestic Twenty 20 competitions around the world, such as the IPL in India, Big Bash League in Australia and South Africa's Ram Slam T20.
