CA unable to reach consensus over $600m Big Bash privatisation plan

Cricket Australia has confirmed that it will not proceed with the privatisation of the Big Bash League at this stage, following a lack of consensus between itself and the state cricket associations who own the eight franchises.

The concept of allowing private investment through minority or majority stakes was floated in July by CA following a report it commissioned on how to improve the domestic T20 competition for the future.

Throughout the summer, discussions would take place between Cricket Australia and the six state associations, with Cricket NSW and Cricket Queensland (owners of the Sydney Sixers, Sydney Thunder and the Brisbane Heat) expressing reservations over the deal.

It was reported by SEN's Tom Morris that each side had an estimated value between $150-200 million (AUD).

In a statement, the governing body has confirmed that it will look at alternative options to increase revenue.

"Cricket Australia and State Associations are yet to reach consensus on the proposal to formally test market interest in selling stakes in the Big Bash League clubs," it said.

"Private investment in the Big Bash Leagues needs to benefit all of Australian Cricket and this is a major decision for the game. Given CA does not currently have full alignment on the proposed next step with our members, some alternative options are being considered that require additional analysis and consideration with States, and that work is underway.

"Australian Cricket remains united on the need to grow and continue investment in all aspects of the game and CA thanks the State Associations and players for their engagement and collaboration in this project.

"We will continue to monitor the shifting global landscape, including the player market and developments in other domestic T20 leagues."