Todd Boehly, the co-owner of Chelsea, has expanded his investment portfolio by acquiring a significant stake in the Hundred cricket tournament. Partnering with the Cain International group, Boehly has invested nearly £40 million for a share in the Trent Rockets team.
This team, which calls Nottinghamshire’s Trent Bridge its home, recently became one of the last to be auctioned among the league’s eight squads. Boehly’s group emerged victorious in the bidding war, securing a 49 percent minority share.
Initially, Boehly expressed interest in another Hundred team, the London Spirit, based at Lord’s, but their overall valuation soared past £290 million. In contrast, acquiring a part of the Rockets came at a more modest price, less than a third of what the Spirit valued at.
With this new investment, the Rockets’ full valuation would be approaching £80 million. Cumulatively, this pushes the total valuation of the seven teams sold so far to a staggering £850 million. The Southern Brave is next in line to be sold, with expectations high due to Delhi Capitals’ owners, GMR, who have recently acquired Hampshire, being front-runners to clinch the deal.
The coming days will see counties and prospective investors enter a period of exclusivity to finalize their agreements. Stay tuned for updates on how these transactions unfold and reshape the future of cricket in England and Wales.
(If you’re curious about why Todd Boehly and his investors are the perfect match for Trent Rockets, check out more insights from the Nottinghamshire chair.)
