Big Bash T20 teams face sale to private investors

The Big Bash League is to be partially privatised, beginning with the sale of the struggling Melbourne Renegades, Cricket Australia announced on Tuesday. The governing body wants to bring in private investment to the Twenty20 competition as it looks to shore up the game's financial future which has come under threat from lucrative leagues abroad. '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,' said Cricket Australia chair Mike Baird. 'This is a significant decision that has involved an enormous amount of analysis, discussion and collaboration over many months.' Other franchises could be offered for sale further down the track, Cricket Australia said. Cricket Australia said it was aiming for the Renegades to have new ownership in place for the 2027-2028 season.