Cricket Australia's (CA) initiative to privatise stakes in the Big Bash League (BBL) franchises has been stalled as Queensland Cricket, which oversees the Brisbane Heat, has aligned with New South Wales in rejecting the proposal. The original plan aimed to sell up to 49% of each franchise, with valuations reaching $200 million per team. While the cricket associations in Victoria, Western Australia, and Tasmania have expressed support for the privatisation, South Australia is open to the idea but wishes to maintain control over the Adelaide Strikers for now. The opposition from Queensland and New South Wales raises uncertainty about the future of the T20 league, especially with the 2027-28 season approaching. CA chief executive Todd Greenberg noted that he would have proceeded with market testing if five out of six states had supported the privatisation. He is now considering a model where some states may bring in private capital while others may not. Greenberg emphasized that any changes must benefit Australian cricket as a whole. He also mentioned that the BBL will continue as usual next season while CA seeks additional revenue sources to remain competitive against global white-ball competitions, such as The Hundred in the UK, which recently saw franchise sales reach £520 million (approximately A$1 billion). Greenberg acknowledged interest from some states in potential investments from Indian Premier League (IPL) franchises, while firmly rejecting any funding models reliant on gambling.