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The Hundred: Chelsea co-owner Todd Boehly buys stake in Trent Rockets for close to £40m

Trent Rockets the seventh Hundred team to be sold as Chelsea co-owner Todd Boehly pays close to £40m for 49 per cent stake; Boehly had been interested in buying Lord's-based London Spirit but was outbid by tech consortium; Southern Brave final Hundred team yet to be bought

Tuesday 11 February 2025 16:42, UK

Chelsea owner Todd Boehly looks out from the stands before the English Premier League soccer match between Chelsea and Leicester City at Stamford Bridge Stadium in London, Saturday, Aug. 27, 2022.
Image: Chelsea co-owner Todd Boehly has paid almost £40million for a 49 per cent stake in Hundred franchise Trent Rockets.

Chelsea co-owner Todd Boehly has paid almost £40m for a 49 per cent stake in Hundred franchise Trent Rockets.

Rockets are the seventh team in the England and Wales Cricket Board's 100-ball competition to be sold, with only Southern Brave left to be purchased.

Nottinghamshire will retain their 51 per cent share of the Rockets, with Boehly's company Cain International acquiring the slightly smaller stake from the ECB.

Hundred sales so far

Team Percentage sold Buyer Price
London Spirit 49 per cent US-based tech consortium £145million
Oval Invincibles 49 per cent Ambani family £60million
Birmingham Phoenix 49 per cent Knighthead Capital £40million
Manchester Originals 70 per cent RPSG Group £81million
Northern Superchargers 100 per cent Sun Group £100million
Welsh Fire 49 per cent Sanjay Govil £40million
Trent Rockets 49 per cent Todd Boehly (Cain International) £40million
Southern Brave TBC TBC TBC

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Atherton and Hussain speak to Nikesh Arora, leader of the consortium that has invested in London Spirit

The sale of Rockets takes the value of The Hundred teams to in excess of £800m.

A US-based technology consortium, headed by Nikesh Arora, spent big on the Lord's-based London Spirit, paying £145m for 49 per cent, meaning the franchise was valued at just shy of £300m overall.

Boehly had been interested in buying Spirit but was outbid.

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Sky Sports' Nasser Hussain and Michael Atherton discuss English cricket's 'IPL moment' as The Hundred franchises are sold in full or in part

Boehly bought Chelsea for £4.25bn in 2022, while he is also the co-owner of French football team Strasbourg and minority owner of LA Dodgers in Major League Baseball.

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Knighthead Capital, the co-owners of League One's Birmingham City, bought a 49 per cent stake in Birmingham Phoenix, adding to the football flavour in The Hundred.

Elsewhere, 49 per cent of Oval Invincibles was picked up by the Ambani family, the owners of the IPL's Mumbai Indians.

Yorkshire's entire stake in the Northern Superchargers was purchased by Sun Group - who own IPL outfit Sunrisers Hyderabad and SA20 team Sunrisers Eastern Cape - for circa £100m, while Lancashire sold 70 per cent of Manchester Originals to the owners of the IPL's Lucknow Super Giants.

Proceeds from the 49 per cent of teams sold by the ECB will be divided between the 18 first-class counties and the MCC, while if a host county sells all or part of their 51 per cent, 10 per cent of that money will also go to the counties and MCC.

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