Cricket Australia’s mooted BBL sell-off pits big risk against megabucks reward | Jack Snape

Selling Big Bash League teams to private investors would improve its global standing and help attract the best players but raises serious questions over control and flexibilityThe timing could not have been better for Todd Greenberg, the new chief executive of Cricket Australia. The month before he settled into his Jolimont office in March this year, his associates at the England and Wales Cricket Board did him an extraordinary favour. Their process to sell minority stakes in teams playing in The Hundred, the short-form franchise cricket competition similar to the Big Bash League, raised £520m ($1.06bn).Greenberg – the respected former NRL and Australian Cricketers’ Association CEO – followed Nick Hockley in the role. But while the position as one of the figureheads of Australian sport came with prestige and power, Greenberg was also restricted by the actions of his predecessor. Continue reading...

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