BBL: Cricket Australia opens door to private investment in Big Bash

Cricket Australia has taken a landmark step towards bringing private investment into the Big Bash League, with the Melbourne Renegades set to become the first club to go through a sales process.

CA will invite bids from private investors for the Renegades, with a view to the club entering the 2027-28 season under new ownership. The move could pave the way for other BBL clubs to follow, although any further sales will be considered under a self-determination model that allows each state member to decide the best pathway for its club and community.

"Cricket Australia and its State members are united in our commitment to investing in and growing the BBL and WBBL, and to advancing the interests of cricket at every level. By opening the door to private investment in the Big Bash Leagues, Cricket Australia is taking a deliberate step to strengthen and secure the long-term future of the game," CA chairman Mike Baird said.

"Beginning the sales process for the Renegades allows us to take the first step in a self-determination model for our members and represents a defining moment for the game."

Cricket Australia stated in no uncertain terms that the board and its state members will retain a lot of control over key areas concerning Australian cricket.

“Importantly, CA and its members will maintain control over the most significant aspects of Australian Cricket operations, including international scheduling, player availability, the Big Bash Leagues salary caps, branding proposals as well as the reserve price for a licence to operate that must be achieved, and approval of investors," Baird said.

“This is a significant decision that has involved an enormous amount of analysis, discussion and collaboration over many months. I’d like to thank all involved as we move to what we believe is the best way to secure cricket’s future in this country, strengthen the Big Bash and protect our standing on the global stage." he added.

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