Chelsea co-owner Todd Boehly has reportedly completed a minority stake purchase in The Hundred franchise Trent Rockets.
The Blues chief has expanded his investment in English sport outside of football and with the Nottingham-based cricket team.
Boehly has secured a near-£40million acquisition through his investment firm Cain International.
Trent Rockets, who play at the famous Trent Bridge, are said to have been valued at around £80million in an auction.
Boehly’s Cain International are working alongside private equity firm Ares Management and have purchased a 49 per cent stake.
Nottinghamshire County Cricket Club will keep the controlling 51 per cent and the two parties will now move into a period of exclusivity.
Trent Rockets’ men’s team won The Hundred in 2022, with their women’s side finishing as runners-up in the same year.
The news marks a seventh investment of a Hundred franchise and is another case of American interest within cricket.
Wrexham owners Ryan Reynolds and Rob McElhenney held talks last year regarding a stake in Welsh Fire, as per the BBC.
It was also reported that the England and Wales Cricket Board [ECB] have been keen for the Hollywood actors to attend a match.
However, Glamorgan County Cricket Club sold a 49 per cent stake to Indian-American business Sanjay Govil got £40million.
More to follow…