Cricket Australia Opens Big Bash League to Private Investment
Cricket Australia has moved to allow private ownership stakes in the Big Bash League, with some owners of franchises in England's The Hundred reported to be interested, according to BBC Sport.
Cricket Australia has opened the Big Bash League to private investment, according to a report from BBC Sport.
The report said the move would allow outside investors to take ownership stakes in franchises within the Twenty20 competition, which has run in Australia since 2011.
According to BBC Sport, some owners of franchises in The Hundred, the English cricket competition, have shown interest in acquiring stakes in Big Bash teams.
Further details on the structure of the investment process, valuations, or timelines for the changes were not immediately available.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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