The backing of the 16-member board on Tuesday sends the offer to the Bancroft family, which controls the majority voting shares of the company, for a final vote.
West Indies legend Brian Lara will team up with some of Australia's finest players like Ricky Ponting, Matthew Hayden, Adam Gilchrist, Justin Langer and Glenn McGrath for the Australian Legends XI, which will take on Big Bash League champions Perth Scorchers in the Festival of Cricket match in Perth on Friday.
On the upcoming ODI series in India, Steve Waugh feels the home team starts favourites despite Australia winning the five-match series 12 months ago.
A match referee had warned of disgraced Australian cricketers Steve Smith and David Warner "being involved in a ball-tampering incident" in the domestic Sheffield Shield in 2016, a media report said on Friday.
Cricket can be a game of fine lines but England fans were irked that Moeen Ali was judged on the wrong side of a bulging one when the all-rounder was stumped on day four of the series-opening Ashes test on Sunday.
'I don't think he (Karthik) will be under pressure. First and foremost thing will be to give guidance to this group. He has got a lot of experienced players around him, particularly in overseas group, and there's the likes of Piyush Chawala, Vinay Kumar and Robin Uthappa.'
Kagiso Rabada produced a sublime spell of bowling to take five wickets as Australia were dismissed for 243 in their first innings on the opening day of the second Test on Friday.
Banned Australian duo Steve Smith and David Warner will look to share their wealth of experience with budding cricketers when they make their highly anticipated return to club cricket in Sydney on Saturday.
Analysts said News Crop bid could result in similar offers from other media giants.
Richardson also took aim at players claiming confusion over ball-tampering rules, saying the laws were clear and their complaints "disingenuous" in a speech at the MCC's Colin Cowdrey Lecture at Lord's.
Newly-appointed Australia coach Justin Langer on Thursday said his team can be considered great only if it wins a Test series in India, something that he likened to conquering Mount Everest, last done back in 2004.
Australia captain Steve Smith brushed off concerns about his fitness on the eve of the fifth and final Ashes Test against England on Wednesday before Mitchell Starc's return to spearhead the pace attack was confirmed as the only change to his team.
Australia captain believes the result could have been different had Steve Smith and David Warner been available for the home side in Melbourne.
Usman Khawaja is doubtful for the day-night Test against New Zealand in Adelaide later this month after the Australian top order batsman re-injured his left hamstring while fielding at the WACA on Saturday.
Virat Kohli's woeful form continued as India 'A' were shot out for a paltry 135 by Australia 'A' in the second unofficial 'Test' in Chennai on Wednesday.
South African batsmen Hashim Amla says he has sympathy for the trio of banned Australian cricketers who will have to live with the consequences of their attempt to cheat in the third Test at Newlands.
'Countering Yasir is Australia's number one priority'
It took him 15 Tests over four tours but James Anderson, England's most prolific Test wicket-taker, finally claimed his first five-wicket haul on Australian soil in the second Ashes Test on Tuesday.
Dean Elgar scored an unbeaten century but an excellent spell of bowling from Australia seamer Pat Cummins restricted South Africa to 266 for eight at the close of play on the opening day of the third Test at Newlands on Thursday.
The brand value of Indian Premier League will not get affected by the recent ball tampering scandal that rocked the cricketing world, feels Royal Challengers Bangalore wicketkeeper Parthiv Patel.
Following is a factbox on the first Test match between Australia and England, which starts on Thursday:
Australia pick two uncapped players for first two Tests
Australian cricket, in contrast, has been dogged by structural reform in the wake of the ball-tampering saga in South Africa in March and it has resulted in turbulence on the field as well.
David Warner was out of sight but not out of mind through Sunrisers Hyderabad's journey to the final of the Indian Premier League last year, with the returning Australian saying he was part of their chat group, getting encouraging messages.
Luminaries call for Cricket Australia chairman to resign
The 53-year-old further stated that boundaries were pushed in the matter, leading to the escalation of the issue.
Rediff.com gives you a quick flashback, in pictures of the month gone by...
The 28-year-old, who has been banned for a year by Cricket Australia and stripped of captaincy, broke down repeatedly in a five-minute press conference after his arrival from South Africa today.
Australia named five uncapped players in a raw tour squad to play Pakistan in a Test series in the United Arab Emirates, while recalling pace veteran Peter Siddle for the first time in two years and dropping middle order batsman Peter Handscomb.
Tim Paine laments Australian capitulation in third Test amid ball-tampering scandal
England's cricketers must take responsibility for their actions and improve their off-field behaviour or risk turning a younger generation of players away from the game, all-rounder Moeen Ali said.
England Lions cricketer Ben Duckett was suspended for pouring a drink on a senior England player reported to be paceman James Anderson after an argument in a Perth bar.
This was not the first time that Steve Smith and the Australian team resorted to unfair measures in a Test match to gain advantage over their opponents.
Smith's career was thrown into turmoil in March for his role in the incident that took place in South Africa and earned the former Australia captain a 12-month ban from national and state teams. However, the suspension does not extend to domestic tournaments outside his home nation.
Kagiso Rabada regained his top spot among bowlers crossing the coveted 900-point mark in ratings even as Indian off-spinner Ravichandran Ashwin climbed up a couple of notches to be placed fourth in the ICC Test Player Rankings, released on Tuesday.
Battle commences at Edgbaston on Thursday and the last time Australia won there was the opening match of the 2001 series which they ended up dominating 4-1.
Images from Day 1 of the first Test between South Africa and Australia in Durban on Thursday.
Former Australia captain Steve Smith said he is desperate to recover lost ground ahead of next year's World Cup by competing in the IPL after being left so deflated by the ball-tampering scandal that getting out of bed became a struggle.
With their backs to the wall after conceding a big first innings lead, the top-order faltered again as India 'A' scored 265 for 6 against Australia 'A' by the end of third day's play in the second unofficial 'Test', in Chennai, on Friday.
Back in the mix after one and half years, left-arm spinner Pragyan Ojha justified the selector's faith by rocking Australia A top-order with three quick wickets as the visitors reached 185 for four against India A at stumps on the second day of the first unofficial cricket Test in Chennai.
