Chelsea owner Todd Boehly has agreed to buy a 49% share in Hundred franchise Trent Rockets.
Cain International, founded by American Boehly and British businessman Jonathan Goldstein, will pay just under £40m for the stake in the Rockets, valuing the entire franchise at £79m.
Nottinghamshire, hosts of the Rockets at their Trent Bridge ground, will retain control of the other 51%.
Cain, a real estate investment company, was in the running for a stake in London Spirit before a 49% share in the Lord’s team was sold to a Silicon Valley consortium for £145m.
The sale of the Rockets takes total sales of stakes in seven Hundred teams to date to more than £500m.
The entire value of the seven Hundred franchises comes to around £820m.
Southern Brave will become the eighth and final franchise sold later this week. They are likely to go to the co-owners of Indian Premier League (IPL) team Delhi Capitals after their buyout of hosts Hampshire.
Boehly led a consortium that bought Premier League club Chelsea for £4.25bn in May 2022 and became chairman at Stamford Bridge. Goldstein is also on the club’s board.
Boehly is a minority owner of the Los Angeles Dodgers baseball team and has stakes in about a dozen other sports-related businesses through his conglomerate Eldridge Industries.
Source link : https://www.bbc.com/sport/cricket/articles/c20gj0g5v5yo
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Publish date : 2025-02-11 12:12:19
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