The Chelsea co-owner Todd Boehly has joined the ranks of investors in the Hundred after his Cain International group agreed to pay nearly £40m for a stake in Trent Rockets.
The Rockets, who are based at Nottinghamshire’s Trent Bridge, became the seventh of the eight teams to go to auction and attracted a winning bid for a 49% minority holding.
Boehly had shown early interest in Lord’s team London Spirit, which eventually drew a startling overall valuation of more than £290m, but has now landed the Rockets for a less than a third of the price.
Quick GuideHow do I sign up for sport breaking news alerts?
Show
- Download the Guardian app from the iOS App Store on iPhone or the Google Play store on Android by searching for ‘The Guardian’.
- If you already have the Guardian app, make sure you’re on the most recent version.
- In the Guardian app, tap the Menu button at the bottom right, then go to Settings (the gear icon), then Notifications.
- Turn on sport notifications.
Based on these figures the full valuation for the Rockets would be just under £80m. That means the running tally of valuations for the seven teams stands in the region of £850m, with Southern Brave set to follow close behind.
Delhi Capitals owners GMR, which recently bought out the Brave’s host county Hampshire, are heavily favoured to tie up that deal and complete an astonishing influx of money into the English and Welsh game.
after newsletter promotion
A period of exclusivity between the counties and their prospective investors will now ensue as details of each deal are finalised.
