MELBOURNE, April 15 (Reuters) – Cricket Australia’s plan to allow private investment in the Big Bash League (BBL) has faced a significant setback after Queensland postponed its decision on supporting the privatisation of the nation’s T20 cricket franchises.
Queensland Cricket, which oversees the Brisbane Heat team, stated that no final decision was made following a board meeting and that further information would be sought from Cricket Australia (CA). CA had set Wednesday as the deadline for the six member states to indicate their support for the plan, which involves selling 49% stakes in most teams and fully privatising two teams in Victoria and New South Wales.
While New South Wales’ backing remains uncertain, Cricket NSW boss Lee Germon has suggested considering alternative proposals. He emphasized the need for due diligence before proceeding with the sale of clubs, expressing a desire to enhance the BBL without necessarily selling all franchises.
The push for privatisation was led by CA Chairman Mike Baird and CEO Todd Greenberg following a review by Boston Consulting Group. The initiative aims to raise up to A$600 million to secure the sport’s future, improve finances, and boost competitiveness in T20 cricket. Despite these goals, influential figures in Australian cricket remain cautious about private investment, fearing a loss of control over the sport.
Former test captain Greg Chappell has warned that surrendering independence could have far-reaching consequences for Australian cricket. He argued that maintaining autonomy has long been beneficial to the sport’s success.
(Reporting by Ian Ransom; Editing by Peter Rutherford)