NEW DELHI: Chelsea owner Todd Boehly has reached an agreement to purchase a 49% stake in The Hundred franchise Trent Rockets.
The deal, valued at just under 40 million pounds, will be executed through Cain International, a company co-founded by Boehly and British businessman Jonathan Goldstein.
The investment values the entire Rockets franchise at £79m.
Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!Nottinghamshire will maintain its majority control with 51% ownership while hosting the Rockets at Trent Bridge ground.
Cain International, a real estate investment firm, previously showed interest in London Spirit before a Silicon Valley group acquired a 49% stake for £145m.
The Rockets deal brings the total investment in seven Hundred teams to over £500m, with the combined value of these franchises reaching approximately £820m.
Southern Brave is set to become the final franchise to be sold this week. The team is expected to be acquired by the co-owners of Indian Premier League team Delhi Capitals, following their purchase of Hampshire.
Boehly's involvement in sports extends beyond this investment. His consortium acquired Chelsea Football Club for £4.25bn in May 2022, where he serves as chairman alongside Goldstein as a board member.
Through his company Eldridge Industries, Boehly holds a minority stake in the Los Angeles Dodgers baseball team and maintains investments in various sports-related ventures.
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