Cricket Australia has decided to bring private investment into the Big Bash League and invited bids for the private ownership of Melbourne Renegades, a team included in the league.

According to foreign media, Cricket Australia has said that Melbourne Renegades, a team included in the Big Bash League, will enter the field under new ownership in the 2027-2028 season.

This private investment will provide additional funding for Australian cricket.

Cricket Australia has said that it has decided to increase investment in community, domestic and international cricket, but this private investment will not affect the importance of Test cricket.

The board has said that Cricket Australia will retain control over important matters of Australian cricket.

According to Cricket Australia, the international schedule, availability of players, Big Bash salary cap and branding will also remain under the complete authority of Cricket Australia.