Cricket Australia approves BBL privatisation plan despite state opposition

Cricket Australia has approved a plan allowing states to sell 49 per cent stakes in Big Bash League franchises. A formal announcement is expected on 8 September. The decision comes despite opposition from New South Wales and Queensland.

The plan permits private investment in BBL teams while states retain majority control. Cricket Australia confirmed the approval on Monday. The move aims to increase commercial revenue for the domestic competition.

NSW and Queensland have raised concerns over the structure of the proposal. The formal announcement will outline the next steps for interested investors.