Andrew Flintoff confirmed his talks with the Sun Group, which bought the full 100% stake in Superchargers in February this year, had broken down.
Between 1998 and 2009, Andrew Flintoff played in 79 Test matches before retiring as a player in 2010 at the age of 31.
Andrew Flintoff has signed up for the winter tours of South Africa and Australia as well as summer fixtures against India A and Zimbabwe.
The 45-year-old was filming for 'Top Gear' in icy conditions at Dunsfold Park Aerodrome in Surrey on Tuesday when the accident happened.
Sachin Tendulkar and Shane Warne are backing a new Twenty20 league for former cricketing greats that will be played in cities around the world from later this year, the Australian newspaper reported on Friday.