ECB chief Tom Harrison will seek final approval of this new city-based T20 tournament
But there was also confidence from the current custodians that the creation of a new city-based T20 tournament set to rival the Indian Premier League and the Big Bash may just be the solution to all the game's problems.
Tom Harrison, ECB chief executive, will this morning seek final approval from the board ratifying a change in the constitution allowing the creation of new competition.
It will be the first not to involve all the 18 first-class counties, breaking with over century of tradition.
The T20 competition, which is yet to have a brand name and will run during school summer holidays from 2020, will feature eight teams and for the first time have no roots in the county game.
First-class counties, who will vote for the amendment to their own constitution allowing the tournament's creation today, have been assured the T20 Blast will continue to run.
They have also been assured that £1.3million a year as their share of the new competition's revenue streams will come their way.
Nottinghamshire celebrate winning the T20 Blast
Some have likened them to turkey's voting for Christmas but Harrison is not the only one who believes the change might just be the magic bullet that seeks out a new younger audience and consquently sustains the weakest of them going forward.
It is a big gamble but a bigger one to do nothing.
"We recognise the challenges we face in cricket, including competition from other sports, driving participation, changing viewing habits, different working patterns and financial sustainability," he said.
"This is a huge opportunity here for our game and if we grasp it, the future is truly exciting." The new competition has been a long time in the making. Despite the ECB giving T20 to the world, they have slipped way behind in utilising the format.
By 2020, when the new tournament will be added to the summer programme, the Indian Premier League will be in its 13th year and the Big Bash in its ninth.
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Yet the ECB remain hopeful that they will be able to combine the best of both to create a global market leader that can drag in a new generation of fans.
The self-interest or fear of the first class counties has been, until now, the sticking point and chairman Colin Graves and Harrison along with Andrew Strauss deserve credit for selling the benefits to all parties.
Until now counties have quite rightly argued that the Blast, which features all 18 teams, is their most successful commercial enterprise.
And as such they are loathe to vote for change, particularly those who thought they would not host matches in the new deal.
Winning them round has taken a deal of arm-twisting and the promise that they will all share the spoils.
And if Harrison and co have done their sums right, it could be the single-most significant change to cricket and their revenues in this country in years.
As soon as Harrison receives the green light from the board this morning the negotiations with potential broadcasters for a tournament which will run for five weeks over 36 games in high summer will begin.
Sky and BT Sport look set to do battle for those rights but Harrison is looking for a free-to-air broadcaster to screen eight of the matches live as well.
There will be a player auction like with the IPL to kick off the promotional activity in early 2020 with salaried bands of stars and with each team spending a centrally allocated budget.
And while that is not likely to make millionaires like Ben Stokes and Tymal Mills, organisers hope it will spark interest given no other sport in this country has a draft pick-auction system.
The venues have yet to be announced but the teams are likely to be based around Lord's, The Oval, The Rose Bowl, Trent Bridge, Edgbaston, Old Trafford, Headingley with Bristol, Taunton and Cardiff sharing the eighth team.
The team names, colours, the brand of the tournament have all yet to be decided, too.
What has been decided is that the ECB will own and run the whole deal with a sub-committee of their board being put in charge of all the off-field activity. As a result there will be no inward investment from 'owners' and no money leaving the sport.
It gives the whole venture a decent chance of survival and success and with so much at stake that is all everyone can hope for.