How Much Money and From Where:
Cricket Australia (CA) is weighing a partial sell‑down of its Big Bash League (BBL) franchises that could raise between AUS$600m and AUS$800m, effectively repricing Australian cricket as a serious player in the global franchise asset class.
The working model would see 49% of six clubs sold, with the option for investors to acquire 100% of one Melbourne and one Sydney franchise, a key lever to push aggregate proceeds into the upper end of the range.
The move follows the ECB’s UK£520m equity sale in The Hundred, which implied a near‑UK£1bn combined valuation for its eight teams and reset the benchmark for short‑format leagues in Tier‑1 markets.
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