There will be a 2019 and 2023 ODI World Cup, effectively scrapping the very concept of Champions Trophy, a tournament which was described as irrelevant by several critics given the presence of a full-fledged quadrennial World Cup.
Morgan's men are now many bookmakers' favourites after winning their last six ODI series and nine of their last 10.
"But quite frankly, we were anxious about poor behaviour before the third Test (in Cape Town) where the ball tampering occurred". "The Champions Trophy in a way was too similar to the World Cup, always quite hard to differentiate".
He said letting umpires send off and book players "will be part of the discussion".
Organisers looked at holding two key matches - India v Pakistan and England v Australia - at the venue because of its potential to hold up to 60,000 people, twice as many as Lord's and nearly three times more than Edgbaston, Old Trafford or the Oval.
"The winter in Sri Lanka and the West Indies too, and the lead in to the tournament against Pakistan next year are all going to be crucial".
The 2019 cricket World Cup will return to the format of the 1992 edition of the tournament.
Cardiff will welcome, New Zealand, Sri Lanka, England, Bangladesh, South Africa and World Cup Qualifier Champions Afghanistan.
Another much-awaited encounter between 2015 World Cup finalists Australia and New Zealand will take place on June 29 at Lord's. "I'll take it one game at a time from here on", he added. Total 45 matches will be played throughout the tournament. Why you are having a World Cup and then a Champions Trophy?
"It was probably more than 18 months ago that we commissioned drop-in portable pitches to be growing and potentially sent to the London Stadium. So I'm not that disappointed, if I'm honest". "This is the first time Indo-Pak match won't be a starting affair".
Richardson further said there will be an additional panel in place to police on-field behaviour which will have the likes of former Australia skipper Allan Border and former South Africa captain Shaun Pollock. The tournament will be held in England from May 30 to July 15, with a reserve day for the semi-finals and finals. Under this format, every team plays 1-1 games against each other in the starting stage.