Todd Boehly acquires 49% stake in Trent Rockets for £39 million

In a significant investment for the cricketing landscape in the United Kingdom, Todd Boehly, a co-owner of Chelsea Football Club, recently acquired a 49% stake in the Trent Rockets, a team participating in The Hundred tournament. This transaction took place for a reported sum of £39 million. The investment was facilitated by Cain International, an investment firm backed by Boehly, which successfully outbid several competitors, including notable franchises from the Indian Premier League (IPL). This acquisition positions Cain International as part of a growing trend of private investments in English cricket, aiming to enhance the sport's competitive stature internationally. The Trent Rockets were valued at approximately £80 million, and with Nottinghamshire County Cricket Club retaining a majority 51% stake, the equity distribution reflects strategic business interests aligning with the evolving dynamics within The Hundred format. Nottinghamshire’s cricket governance has welcomed this investment, viewing it as a vital infusion of resources that will bolster the Rockets’ ambitions both on and off the pitch. The new partnership is expected to bring expertise from Cain International, particularly concerning their prior engagements in growth sectors within the sports and leisure industries. In recent years, The Hundred has proven to be a successful platform, attracting diverse audiences and showcasing top-tier international cricketing talent. Nottinghamshire chair Andy Hunt expressed optimism about the synergy created through this investment, highlighting the commitment of Cain International and Ares Management Credit to foster long-term benefits for the Rockets and enhance the overall experience for cricket supporters. The move marks an important step in safeguarding the future of local cricket while helping to elevate the profile of The Hundred competition on a global scale. With a notable history rooted in cricketing success, the Trent Rockets, who secured the title in the 2022 edition of The Hundred, have a strong base to build upon moving forward. The involvement of seasoned investors with interests in various international sporting franchises is expected to further strengthen the team’s operational and competitive foundations. The investment aligns with the broader trend of elevating the financial landscape of English cricket, evidenced by the influx of nearly £450 million from the sales of teams in The Hundred, significant for sustaining the sport's long-term viability and appeal.