Big Bash opens door to private investment as Melbourne Renegades become first team for sale

A historic first

The Big Bash has opened the door to private investment in a historic move, with Melbourne Renegades the first team up for sale. The decision signals a new financial era for Australian franchise cricket and raises big questions about the future ownership of the league's teams.

T20's rising tide

The shift reflects the wider balance of power in the game. Ricky Ponting has voiced fears that ODI cricket will be “played less” in coming years as T20 leagues continue their takeover of the global calendar.

There is churn elsewhere too: Mike Fordham has taken charge as ILT20 interim COO after David White's exit, as the league recalibrates behind the scenes.