Melbourne: Former India coach Greg Chappell has slammed the ICC for postponing the proposed Test Championship from 2013 to 2017, saying the decision is a "shame" as the event needs to be held as soon as possible to save the longer format of the game.

"I like the concept, I'm sorry that it has been postponed because I think it is a fabulous concept and one which I would endorse and I think Test cricket would benefit from it," Chappell said.

"It is a shame it isn't going ahead, the sooner it can happen the better, as far as I'm concerned," he added.

Chappell said having an event like that would bring back the spectators to the five-day matches.

"It is one thing to have a ranking system, but to have a final set-up would be good for Test cricket. It elevates the brand of Test cricket and that can't be a bad thing," he said.

"I just think to have a finals series like that every four years would just heighten the interest and also make each series also meaning something extra as well," he added.

Earlier, South Africa's Test captain Graeme Smith had said that the postponement of the event was "not the right decision for cricket".

"Australia can play England in the Ashes, but if you know that the series also could be the difference between qualifying for the finals series and not would add a bit to it," he had stated.