The ICC organises a second 50-overs per side event in addition to the ICC Cricket World Cup called the ICC Champions Trophy, which takes place every two years.

The event, formally known as the ICC Knockout, has been contested five times and has been won by a different side on every occasion.

Winners of the competition include South Africa (1998), New Zealand (2000), Sri Lanka and India (2002), who were joint winners after the Final was washed out, West Indies (2004) and Australia (2006).

The tournament has been staged in Bangladesh (1998), Kenya (2000), Sri Lanka (2002), England (2004) and India (2006).

At the most recent event, held in India, no side went through the event unbeaten and the competition saw a number of outstanding individual and team performances.

In the semi finals, Australia defeated New Zealand by 36 runs, while in the other game at that stage of the competition, the West Indies saw off the challenge of South Africa with a comfortable six wicket victory.

The final was affected by rain and having bowled out the West Indies for just 138, Australia passed the revised Duckworth/Lewis target having lost just two wickets.

The next event will take place in Pakistan in 2009 and then the West Indies will host the competition in 2010.