Chelsea co-owner Todd Boehly’s Cain International group and fellow investors Ares Management Credit are an “ideal fit” for Trent Rockets, according to Nottinghamshire chair Andy Hunt.
Rockets, who are based at Nottinghamshire’s Trent Bridge, became the seventh of the eight Hundred teams to go to auction and attracted a winning bid for a 49 per cent minority holding.
However, alongside Ares – whose existing sporting portfolio includes investments in Inter Miami, McLaren Racing and Atletico Madrid – the Cain International group has now agreed to pay nearly £40m for a stake in Trent Rockets.
The two parties will enter an eight-week period of exclusivity, with due diligence and legal checks, after which the deal is expected to be finalised, which will see Cain and Ares acquire a 49 per cent stake in the Rockets.
Cain International chief executive Jonathan Goldstein – a director on the Chelsea board – is confident the Rockets can build towards further success in the Hundred, with the men’s side having won the 2022 title at Lord’s.
