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Melbourne: Cricket Australia has approved minority private ownership in a revamped domestic Twenty20 competition to start next season, paving the way for potential Indian-based investors.
A Cricket Australia board meeting on Friday gave the approval to an extended Twenty20 competition - to be called the Big Bash League - which will run over the December-January period starting in the 2011-12 Australian summer season.
It will initially feature teams based on the current six state associations, plus two further cities which will be decided over coming months.
