England left arm spinner Monty Panesar finds the IPL a lucrative prospect but is hurt by the snub from the franchises.

Writing for the 'Daily Mail', Panesar concedes the kind of cash thrown up on the table is mind-boggling but admits ruefully that he is yet to be approached by any of the team owners to play in the cash rich league.

"Everyone is talking about all the money flying around cricket at the moment, but I haven't heard from any of the Indian Premier League teams. I certainly haven't got any offers on the table," said the spinner.

"You can't help but think about these things from time to time but I guess, for me, it's not meant to be," Panesar said.

"As for the Stanford match in Antigua, I'll just have to wait and see what the selectors decide to do. One day, if I do end up earning millions of pounds from cricket, maybe I could buy Luton Town FC and make myself chairman. I could be the first Sikh chairman. That would be fantastic," he said.

Panesar said he enjoyed playing T20 for Northamptonshire but still found the format "a bit hit-and-miss".

"It is a constant battle to outwit the batsman - a guessing game really. I might bowl really full, then try a couple of slower balls, then a much quicker one, then drop it short. I try everything to stay one step ahead, but I still think it's a batsman's game," he said.