Cricket Australia has opened the way for private investment in the Big Bash League (BBL) and Women's Big Bash League (WBBL). But the final decision on which franchise and when to bring in private investment will be taken by the concerned state cricket association.
Cricket Australia had previously proposed a plan to sell all the BBL franchises at once. But after New South Wales and Queensland disagreed with it, it was decided to implement the 'self-determination model'.
Under this model, each state association can decide for itself whether to bring in private investment in its franchise or sell ownership stake.
Cricket Australia has invited proposals for the sale of 100 per cent of the Melbourne Renegades license in the first phase. Next season Renegades will be managed by Cricket Australia. Under the new ownership, the Renegades are aiming to play the 2027-28 BBL season.
The sale of Renegades will not affect the upcoming 2026-27 BBL and WBBL.
The England and Wales Cricket Board raised more than 500 million pounds last year when it brought in private investment in eight teams of "The Hundred". The combined valuation of the eight franchises was over £975 million. After that, the attraction of private investors also increased in Australia's BBL.
Along with the Melbourne Renegades, the Hobart Hurricanes, Melbourne Stars and Perth Scorchers have also shown interest in bringing in private investment. But the Sydney Sixers, Sydney Thunder, Brisbane Heat and Adelaide Strikers are unwilling to commit to private investment immediately.
Cricket Australia has said that the option of private investment will be open for these franchises in the future.
Despite the influx of private investment, Cricket Australia will retain control over international fixtures, player availability, salary caps and broadcasting rights. Cricket Australia will also retain the right to approve or reject potential investors.
Cricket Australia chairman Mike Baird said the private investment was an important step towards the long-term growth and strength of the BBL and WBBL.
He expressed his belief that private investment will speed up the development of the tournament as well as help to invest more in community cricket, grassroots programs, domestic and international player development and high-level cricket.
Meanwhile, discussions are ongoing between Cricket Australia and the Australian Cricketers Association to resolve the dispute regarding players' wages.
Published: 24 Bhadra 2083 07:18 Wednesday
