“England is a very attractive venue. It is easy to access from India and there is a large Asian community to tap into.

The IPL, is a big competition. We would bring around 100 million dollar of revenue to the British economy and anybody in a recession would want to have us,” Modi, who is due to arrive here on Monday for discussions with the England and Wales Cricket Board, told 'The Daily Telegraph'.

A spokeswoman of the ECB told PTI that a statement would be issued as and when a decision was taken.

Modi said the prospect of England hosting the IPL is “very real”.

Cricket South Africa has already submitted a written proposal to Modi and he is awaiting a similar offer from the ECB, the report said.

Keith Bradshaw, chief executive of the MCC, on Sunday spoke to Modi to offer Lord's as a venue.

The ECB's executive board held a teleconference on the matter on Friday and security issues, the broadcast contract with Sky TV and the hangover from the Stanford debacle were major concerns. The IPL is due to begin on April 10, the day after the English first-class season starts, and will run until May 24, less than two weeks before the start of the World Twenty 20.

It is due to feature five England players including Kevin Pietersen, who has been named as captain of the Bangalore Royal Challengers.

The ECB would need to squeeze in 59 matches and some counties will not want to see their own tournaments getting disrupted for the IPL.

ECB chairman Giles Clarke said yesterday the board “stands ready to help”.

“We have opened discussions with the BCCI and I think there is a strong desire to come to England,” ECB chief executive David Collier said.