Cricket Australia announces sale of Big Bash League franchise to private investors
SYDNEY: Cricket Australia announced on Tuesday that private investment would be introduced into the Big Bash League (BBL) from the 2027-28 season, starting with the sale of the Melbourne Renegades Twenty20 franchise. An earlier CA privatisation proposal, which would have allowed the sale of 49% of BBL franchises and 100% of a team from those states which have two, was scuppered in April by the…
Cricket Australia has announced plans to introduce private investment into the Big Bash League (BBL) starting from the 2027-28 season, with the sale of the Melbourne Renegades franchise. This move follows the rejection of a previous privatisation proposal in April by the cricket boards of New South Wales and Queensland. Cricket Australia aims to raise up to A$600 million to secure the sport's future, boost finances, and improve competitiveness in the T20 market.
CA Chairman Mike Baird stated that the decision maintains control over significant aspects of Australian Cricket operations. However, the announcement has sparked opposition from influential figures in Australian cricket, who argue that it could lead to a loss of local control, particularly due to the growing global footprint of Indian Premier League (IPL) franchise owners.
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- Cricket Australia Approves BBL Privatisation, Puts Melbourne Renegades Up For 100% Private Sale From 2027-28 Season freepressjournal.in
- Renegades put up for sale as players launch fresh dispute action with Cricket Australia theage.com.au
- Renegades put up for sale as players launch fresh dispute action with Cricket Australia smh.com.au
- Breaking: Cricket Australia agrees to bring private investment to Big Bash abc.net.au
- Big Bash League opened to private investors; $1 billion windfall expected indianexpress.com
