Cricket Australia Approves Big Bash Privatisation, Melbourne Renegades Put Up For Sale

Cricket Australia has approved a major overhaul of the Big Bash League (BBL), opening the door to private ownership and putting the Melbourne Renegades up for a full sale under a new “self-determination” model.

On September 8, 2026, CA confirmed it will invite bids for a 100 per cent stake in the Renegades, with new ownership expected to take charge from the 2027-28 BBL and WBBL seasons. The sale process will not affect the upcoming Australian summer, with CA continuing to operate the Renegades in caretaker mode during the 2026-27 campaigns.

CA’s merchant bank Raine Group is expected to begin contacting potential investors, with the Renegades sale potentially being completed by Christmas. The franchise recently strengthened its WBBL squad by signing West Indies captain Hayley Matthews for the upcoming season.

The new framework could eventually allow other BBL clubs to seek private investment, with each state association able to decide independently whether and when to sell stakes. Hobart Hurricanes, Perth Scorchers and Melbourne Stars are among the clubs linked with private investment, while Sydney Sixers, Sydney Thunder, Brisbane Heat and Adelaide Strikers are not currently pursuing the option.

Despite the ownership changes, Cricket Australia will retain control over international scheduling, player availability, salary caps and media rights. CA will also approve or veto investors and determine the reserve price. Any proposed changes to a club’s name, colours or branding will require approval.

CA chairman Mike Baird said the move is aimed at strengthening the long-term future of the BBL and WBBL, accelerating growth and creating greater investment in grassroots cricket, domestic pathways and elite-level cricket.

The decision marks a significant shift in Australian domestic cricket, while allowing CA to retain control over the competition’s core sporting and commercial framework.