Cricket Australia approves BBL privatisation model for club stakes

Cricket Australia board members have ratified a framework allowing individual states to sell stakes in Big Bash League clubs. The move initiates a self-determination process, starting with the Melbourne Renegades, as the governing body looks to restructure ownership. Despite this approval, negotiations regarding player revenue remain unresolved. Players have formally requested an independent assessment to address ongoing disputes surrounding the revenue share model. Cricket Australia maintains that the privatisation initiative can proceed even as talks with the players continue. No final agreement on these financial terms has been reached between the governing body and the representative group at this stage.

• 5:22 AMESPNcricinfo — CA green lights BBL privatisation despite being 'a long way' from deal with players