Todd Boehly buys stake in Hundred franchise Trent Rockets

Chelsea co-owner Todd Boehly has joined the ranks of investors in the Hundred after his Cain International group agreed to pay nearly £40million for a stake in Trent Rockets.

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 per cent minority holding.

Boehly had shown early interest in Lord’s outfit London Spirit, which eventually drew a startling overall valuation of over £290m, but has now landed the Rockets for a less than a third of the price.

Based on this figures the full 100 per cent of the side would come to 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.

A period of exclusivity between the counties and their prospective investors will now ensue as details of each deal are finalised.

READ MORE: Todd Boehly and investors ‘ideal fit’ for Trent Rockets – Nottinghamshire chair