Elated after leading his team to a second successive Champions Trophy title, Australian skipper Ricky Ponting said the "devalued" event has been revived in this edition, giving a much-needed boost to one-day cricket. 

"On a few previous occasions, I felt there were a lot of other associate nations and it had kind of devalued the Champions trophy.

"But this time a couple of weeks and it was over. The little changes which ICC made here, the  players really enjoyed it," Ponting said after the six-wicket win over New Zealand in the final.    

The Champions Trophy had been dubbed meaningless by quite a few former cricketers like Shane Warne but Ponting felt having a shorter tournament minus the minnows has helped make it exciting.

Ponting said the event produced some excellent cricket and proved a good advertisement for one-dayers, which are struggling to pull in the crowds in the face of a Twenty20 storm.

"There's certainly place for both Twenty20 and 50-over cricket.

"Tournaments like this would certainly help the game. 50 over cricket gets full endorsement from me," he said.