Todd Boehly: Chelsea owner to buy stake in Hundred team Trent Rockets
2025-02-11
Category: sports

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 Â£40m for the stake in the Rockets, valuing the entire franchise at Â£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 Â£145m.The sale of the Rockets takes total sales of stakes in seven Hundred teams to date to more than Â£500m.The entire value of the seven Hundred franchises comes to around Â£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 Â£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.
Nottinghamshire have become the fifth hosts to sell a 49% share in their Hundred franchise.Surrey negotiated a Â£60m price with the owners of IPL side Mumbai Indians for a 49% stake in Oval Invincibles, the county keeping the 51% given to them by the England and Wales Cricket Board (ECB).Warwickshire agreed a 49% sale of Birmingham Phoenix to Birmingham City FC owners Knighthead Capital for Â£40m, and Glamorgan sold the same stake in Welsh Fire to IT entrepreneur Sanjay Govil for Â£40m.Marylebone Cricket Club (MCC) agreed a deal with a consortium led by Nikesh Arora which acquired a 49% share of London Spirit.Lancashire became the first county to sell part of their share when agreeing a deal for 70% of Manchester Originals with the owners of IPL team Lucknow Super Giants for around Â£81m.And Yorkshire became the first county to sell their entire stake when the Sun Group, owners of Sunrisers Hyderabad, agreed to pay just over Â£100m for Northern Superchargers.Money raised from the sales will mainly be split between the 18 first-class counties, the MCC and the recreational game.All deals now enter an eight-week exclusivity period in order to finalise the partnerships.