Pitch Perfect: Chelsea Owners Swing into The Hundred

Chelsea co-owner Todd Boehly has been enthusiastic about taking a 49% stake in The Hundred's Trent Rockets. This is a strategic foray into cricket, after his success in football and baseball. Boehly's company, Cain International, beat out high-profile bidders, including the owners of Kolkata Knight Riders. The acquisition is one of a larger trend in which overseas investors are injecting money into The Hundred, giving English cricket a boost in finances. The selling of stakes in these franchises is likely to raise considerable revenue for the England and Wales Cricket Board.

Source: ESPN