Cricket Australia has approved private investment in the Big Bash League and Women’s Big Bash League, clearing the way for one of the biggest structural changes in Australian domestic cricket and putting the Melbourne Renegades first in line for a sale. CA will invite bids for a 100 per cent stake in the Renegades licence, with the aim of having new ownership in place for the 2027-28 BBL and WBBL seasons. The 2026-27 campaigns will remain unaffected, with CA operating the Renegades in caretaker mode and the franchise continuing in its existing form.
The Renegades sale will serve as the first test of CA's new “self-determination” model, under which individual state associations can decide whether and when to seek private investment in their Big Bash clubs. The Hobart Hurricanes, Melbourne Stars and Perth Scorchers are understood to be interested in attracting private capital, while the Sydney Sixers, Sydney Thunder, Brisbane Heat and Adelaide Strikers are not currently expected to pursue the option. Once the Renegades process is completed, CA will assess whether other franchises should be brought to market.
CA keeps control of key decisions
Private ownership will not mean surrendering control of the competition. CA will retain authority over international scheduling, player availability, salary caps and media rights, while also retaining the power to approve or reject prospective investors and determine the reserve price for a licence. Any proposed changes to the Renegades' name, colours or branding will also require approval.
CA chair Mike Baird said opening the Big Bash to private investment was intended to strengthen the long-term future of Australian cricket and accelerate the competitions' growth while allowing greater investment in grassroots cricket, domestic and international pathways and the elite game. CA will continue discussions with state associations and the Australian Cricketers' Association as the sale progresses, with officials stressing that finding the right investment partner will take precedence over simply accepting the highest offer.