Ricky Ponting resigns as Australia captain

Ponting took over the Test captaincy from Steve Waugh in 2004

Ricky Ponting has resigned as Australia captain but says he wants to play on for the team.

The 36-year-old made the announcement in Sydney after arriving home following his side's World Cup quarter-final defeat to co-hosts India.
"I have decided to stand down as captain of the Test and one-day teams as of now," he told a news conference.
Michael Clarke, who stood in for Ponting in some matches this winter, is tipped to replace him as skipper.
Ponting took over the one-day captaincy in 2002 and the Test captaincy from Steve Waugh in 2004 and leaves a legacy of having been the most successful captain in 134 years of Test cricket.
Australia's home Ashes defeat to England and a quarter-final exit at the hands of India at this year's World Cup, where Australia were defending champions, has hastened his departure.