Chelsea proprietor Todd Boehly has agreed a deal to take a position near £40m in Trent Rockets, one among eight cricket groups concerned in The Hundred.
Based in 2019, Trent Rockets compete within the newest short-form sport launched to English cricket and marks Boehly’s growth into UK sport past soccer.
First reported by the Telegraph after which corroborated elsewhere, the deal sees Boehly buy a 49% stake in Trent Rockets with businessman Jonathan Goldstein, additionally a part of Chelsea’s BlueCo possession group. Nottinghamshire CCC will retain the controlling 51% stake.
The buy-in for just below £40m values Trent Rockets at £79m. Boehly and Goldstein had beforehand been considering taking a stake in London Spirit, lacking out to an American consortium.
Birmingham Metropolis co-owner Tom Brady’s Knighthead Capital group has already purchased a 49% in Birmingham Phoenix because the NFL legend extends his grip on sport within the West Midlands.
Boehly, serving as Chelsea chairman since 2022, is a billionaire who made his fortune in funding and finance. His sporting portfolio started with a 20% stake within the LA Dodgers, who received baseball’s World Collection in 2020 and 2024, and grew to incorporate stakes within the LA Lakers and LA Sparks.
A yr after the Chelsea takeover, French soccer membership Strasbourg joined the BlueCo steady in a £65m deal to turn into a sister membership and farm crew for Chelsea.
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