Chelsea Owner Todd Boehly Acquires 49% Stake in Trent Rockets
Chelsea Football Club owner Todd Boehly has made headlines once again, this time by securing a 49% stake in The Hundred franchise, Trent Rockets. The investment, valued at just under £40 million, brings the total valuation of the Rockets franchise to approximately £79 million. Nottinghamshire County Cricket Club retains majority control with its 51% ownership.
Investment Through Cain International
The deal will be executed through Cain International, a real estate investment firm co-founded by Boehly and British businessman Jonathan Goldstein. This investment is part of a larger trend, as the total financial commitment across all seven franchises in The Hundred has now surpassed £500 million, with a combined valuation of around £820 million.
Southern Brave Set for Sale
In related news, Southern Brave is anticipated to be the last franchise sold, with co-owners of the Indian Premier League’s Delhi Capitals likely to secure the deal. This follows their recent acquisition of Hampshire, further solidifying their presence in the cricketing landscape.
Boehly’s Expanding Sports Portfolio
Todd Boehly’s ventures into the sports world are not limited to cricket. He previously acquired Chelsea FC for a staggering £4.25 billion in May 2022, where he serves as chairman. His sports portfolio also includes a minority stake in the Los Angeles Dodgers, showcasing his commitment to diverse sports investments.
For cricket enthusiasts and sports investors alike, Boehly’s latest move represents a significant step in the evolving landscape of franchise sports. The Hundred continues to attract high-profile investors, promising an exciting future for the tournament.
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