Some clubs, such as the Sydney Sixers and Melbourne Stars, are viewed as more attractive for outright ownership due to branding and venue locations at the SCG and MCG.

Cricket Victoria and other state associations call for caution and more detail before approving any sale, stressing the need to explore options beyond asset disposals.

Cricket Australia’s leadership has framed the sale as essential for long-term growth and budget stability, highlighting potential benefits for grassroots participation, facilities, and fan experience.

Cricket Australia is weighing a multi-club stake sale in the Big Bash League, potentially raising up to 400 million dollars to repair the budget while reinvesting in grassroots and lower levels of the game.

A central hurdle will be how to allocate value between the two states with clubs in Victoria and New South Wales, including questions over selling 49 percent versus full ownership for some clubs and how that affects cross-state ownership.

Next steps involve further discussions among Cricket Australia and state CEOs in Adelaide ahead of the third Ashes Test, as officials seek the best path to reset the BBL and strengthen the game’s finances.

The proposed structure envisions selling 49 percent stakes in six clubs and 100 percent stakes in the two Melbourne and Sydney clubs, with the deal valued roughly between 600 and 800 million dollars.

The budget repair and reinvestment plan allocates 100 million to strengthen CA’s balance sheet, 100 million to boost the BBL through payments and marketing, 50–60 million for grassroots efforts, and 150 million into a future fund to buffer broadcast rights negotiations.