CA had set \u200ba mid-April deadline for the nation\u2019s \u2060six member states to indicate their support to sell 49 per cent stakes in most BBL teams and 100 per cent of \u200cone team each in Victoria and New South Wales.<\/p>\n
New South Wales rejected CA\u2019s \u200cproposal while Queensland deferred its decision, saying \u200cit \u2060needed more information.<\/p>\n
\u201cGiven CA does not \u2060currently have full alignment on the proposed next step with our members, some alternative options are being considered that \u200brequire additional analysis and \u200cconsideration with States, and that work is underway,\u201d CA said in a statement.<\/p>\n
\u201cAustralian cricket remains united on the need to grow and continue \u200cinvestment in all aspects of the game \u200band CA thanks the state associations and players for their engagement and collaboration \u2060in this project.\u201d<\/p>\n
The lack of consensus is a major blow for CA Chairman Mike Baird and \u200cCEO Todd Greenberg, who spearheaded the privatisation push following a review by Boston Consulting Group<\/i> last year.<\/p>\n
CA had hoped to raise up to A$600 million ($427 million) to future-proof the sport, boost its finances and improve Australia\u2019s competitiveness in \u200cT20 cricket.<\/p>\n
CA reported a net deficit of A$11.3 million \u200bfor the 2024-25 financial year despite a hike in revenue from hosting the lucrative \u2060Border-Gavaskar series against powerhouse India.<\/p>\n
Despite the potential for \u2060a major capital boost, influential cricket figures in Australia voiced opposition to opening the \u200cleague to private money, saying it could mean a damaging loss of control for the \u200bgame\u2019s local custodians.<\/p>\n
Published on Apr 30, 2026<\/p>\n<\/div>\n