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HomeBasketballPrivatisation the billion-dollar question at Australian cricket summit

Privatisation the billion-dollar question at Australian cricket summit

A private capital injection for Australian cricket will be near the top of the agenda when Cricket Australia, state and players’ chiefs meet later this month, with a commercial stake in the Big Bash League alone said to be worth more than $1 billion.

The Australian Cricket Council, a body formed after the 2018 cultural review of Cricket Australia, links the governing body chair Lachlan Henderson with his state and players association counterparts, and last met in May.

Players and some administrators believe private investment is the only way to find the extra cash required to keep BBL salaries competitive. Credit:Getty

One potential investor has told The Age and The Sydney Morning Herald they could “deliver a billion dollars tomorrow” to Cricket Australia if the BBL was privatised.

But Henderson, fellow board directors and chief executive Nick Hockley are united in the belief that…

Read more at www.smh.com.au

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