A peace deal was apparently struck during a telephone call between Sir Allen (right) and Digicel's boss, Denis O'Brien. But the final details must still be ratified by the WICB, who were due to meet later today.
Although a compromise was always likely, the agreement will still come as a big relief in both England and the West Indies.
England Cricket Board officials see the game — the first of five annual contests — as an important development in the great Twenty20 revolution.
And cricket in the West Indies, struggling to stay alive, needs the cash and high profile that Stanford's matches will bring.