Cricket Australia approves private investment in Big Bash
In Australia, the Cricket Australia board has approved attracting private investment into the Big Bash League. The first step will be the sale of the Melbourne Renegades club, ABC News Australia reports.
Sale of the Melbourne Renegades
The Cricket Australia board made the decision on Tuesday. The sale process for the Melbourne Renegades is to become the first step in attracting private capital to the Twenty20 franchise cricket league.
More current news is available on the UA.News Telegram channel Telegram.
Cricket Australia expects the Melbourne Renegades to play under a new owner in the 2027/28 Big Bash season.
Possible sale of other clubs
Further decisions on other clubs will depend on the success of the Melbourne Renegades sale. In a statement on Tuesday, Cricket Australia said it may consider putting other clubs on the market under a self-determination model. It is intended to allow each state-level member organization to assess the optimal path for its club and community.
