A Twenty20 competition featuring eight new teams will be introduced in summer 2020, the England and Wales Cricket Board has announced.

The England and Wales Cricket Board has received an overwhelming mandate to introduce a new city-based Twenty20 tournament in 2020.

Designed to rival similar events in India and Australia, the tournament was agreed following a ballot involving all 18 first-class counties, the MCC, Minor Counties Cricket Association and 21 recreational boards.

After the new tournament was approved by a margin of 38 votes to three, ECB chairman Colin Graves said: "We are delighted that such an overwhelming majority of our members have voted to support the change to the ECB's Articles.

"In doing so, they have paved the way for an exciting new era for cricket in England and Wales."

Ina  statement on the ECB website, Graves continued: “We are delighted that such an overwhelming majority of our members have voted to support the change to the ECB’s Articles. 

"In doing so, they have paved the way for an exciting new era for cricket in England and Wales.

“Over the past year our members have seen the clear evidence outlining why an additional new T20 competition is the right way for cricket to reach new audiences, create new fans and drive the future of the game.

"I would like to sincerely thank them for the way they and their members have embraced the process and the debate.   

“I passionately believe that the game has chosen the right path.  Each of our members will benefit and, critically, so will the whole game. 

"We can now move on with building an exciting new competition for a new audience to complement our existing competitions - NatWest T20 Blast, the Royal London One-Day Cup, the Specsavers County Championship and Kia Super League - plus the international formats, each with its own clear role to play.

“Our clear ambition is that this new competition will sit alongside the IPL and Big Bash League as one of the world’s major cricket tournaments.

“The ECB Executive and T20 development team will now continue to work with the game as we build the new competition, ensure it is positioned distinctively from our existing competitions and realise its full potential.

"All decisions - including the creation and base of each team - will be made within the game, guided by our shared strategy and built on best practice, research and insight.

“The benefits it will bring can deliver a sustainable future for all 18 First Class Counties and an exciting future for the game in England and Wales.”

Hampshire Cricket chairman Rod Bransgrove has been one of the new competition's most vocal backers but it has not been confirmed whether the Ageas Bowl will host any of the teams.