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Founded in 1787, Marylebone Cricket Club is the most active and famous cricket club in the world and owner of Lord's Cricket Ground - the Home of Cricket.
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MCC has confirmed that it was not part of the bids that were lodged in Mumbai for the two new Indian Premier League (IPL) franchises.
The MCC Committee had met earlier this week at Lord’s to discuss its potential involvement with an IPL franchise.
The MCC Committee has further decided that its best position lies in a broader relationship with the IPL as a whole.
As reported on Lords.org MCC’s Chief Executive, Keith Bradshaw, together with Anthony Wreford, a Club Trustee, had previously travelled to India to fact-find and discuss proposals with potential IPL consortium members.
A small working party subsequently reported back to the MCC Committee.
Keith Bradshaw, MCC Chief Executive, said: "After a healthy debate and a thorough investigation, MCC’s Committee has decided to uphold the recommendation of our working party not to proceed as an equity stakeholder in a new IPL franchise.
"Having said that, we will continue to discuss other ideas with the IPL and, through their support of the MCC Spirit of Cricket campaign, maintain a close working relationship with them.
"The world of cricket is fast-changing and there’s no doubt the IPL is going to be a central part of that world for the foreseeable future.
"We will remain in close contact with the IPL to develop mutually beneficial opportunities."
MCC’s President, John Barclay, and Head of Cricket, John Stephenson, will travel to India next week to attend the IPL opening ceremony in Mumbai.
At this ceremony, the eight team leaders will sign a Captain’s Charter to once again adhere to the MCC Spirit of Cricket 'Play Hard, Play Fair' principles which have been embraced by the tournament since its conception.