The Big Bash League is to be partially privatised, beginning with the sale of the struggling Melbourne Renegades, Cricket Australia announced on Tuesday.<\/p>\n
The governing body wants to bring in private investment to the T20 competition as it looks to shore up the game\u2019s financial future which has come under threat from lucrative leagues abroad.<\/p>\n
\u201cBeginning 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,\u201d said Cricket Australia chair Mike Baird.<\/p>\n
\u201cThis is a significant decision that has involved an enormous amount of analysis, discussion and collaboration over many months.\u201d Other franchises could be offered for sale further down the track, Cricket Australia said.<\/p>\n
Cricket Australia said it was aiming for the Renegades to have new ownership in place for the 2027-2028 season.<\/p>\n
Melbourne is in Victoria and the state\u2019s cricket association said the sale would help Australia keep pace with an \u201cevolving\u201d cricket landscape.
\u201cWe\u2019re enthusiastic about moving forward with this process and taking the Melbourne Renegades to market,\u201d said Cricket Victoria director Shaun Richardson.<\/p>\n
Privatisation has been a thorny issue in Australia, with an initial proposal to sell stakes in each of BBL\u2019s eight teams stalling earlier this year, amid concerns about a loss of control for the game\u2019s local custodians.<\/p>\n
While the Victoria, Western Australia and Tasmania cricket associations voiced support and South Australia said it was open to the idea, New South Wales and Queensland rejected the move.<\/p>\n","protected":false},"excerpt":{"rendered":"The Big Bash League is to be partially privatised, beginning with the sale of the struggling Melbourne Renegades,…\n","protected":false},"author":2,"featured_media":884201,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[564],"tags":[64,63,740,85],"class_list":["post-884200","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cricket","tag-au","tag-australia","tag-cricket","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/884200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=884200"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/884200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/884201"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=884200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=884200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=884200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}