Half-billion dollar BBL sell-off stalls as states urge Cricket Australia to be patient

• Cricket NSW opposed to proposal; Cricket Queensland undecided

• Private investment model could generate up to $100m per team

Cricket Australia has not yet done enough to convince two crucial stakeholders of the merits of selling stakes in Big Bash League franchises, leaving the future of the T20 league up in the air.

Cricket NSW chief executive Lee Germon expressed his opposition to the proposal on Wednesday morning and confirmed the Sydney Thunder and Sydney Sixers would not be involved in a process of valuing the clubs being run by CA.