Chelsea Owner Todd Boehly Beats Shah Rukh Khan's KKR For Rs 420 Crore-Stake In This Franchise

Kolkata Knight Riders (KKR) have reportedly been beaten to the acquisition of a team in England's The Hundred franchise league by Chelsea Football Club co-owner Todd Boehly. Real estate firm Cain International - which was co-founded by Boehly and Chelsea director Jonathan Goldstein - have acquired a 49 per cent stake of The Hundred side Trent Rockets. As per a report, Trent Rockets was acquired by Boehly and co. for a fee of around 39 million Great British Pounds (approx. Rs 420 crore). A Cricbuzz report added that the franchise's valuation was GBP 79 million. The report also states that Indian investor Amit Jain was in the running in conjunction with Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB).

As per a report by ESPNcricinfo, KKR and Amit Jain were beaten to the stake by Cain International, who were earlier in the race for the acquisition of fellow Hundred side London Spirit.

KKR are owned by Red Chillies Entertainment, a conglomerate established by actor Shah Rukh Khan, as well as by businessman Jay Mehta and actor Juhi Chawla.

Had KKR won the bid for Trent Rockets, it would've added to the likes of KKR, Trinbago Knight Riders, LA Knight Riders and Abu Dhabi Knight Riders under the same ownership.

The Hundred has already seen IPL ownership take over two of the franchises. Mumbai Indians' owners, Reliance Industries, bought a 49 per cent stake in Oval Invincibles with a valuation reported at around 60 million GBP. Lucknow Super Giants owners RPSG Group bought a similar stake in Manchester Originals, whose valuation is reported at around 116 million GBP.

Delhi Capitals co-owners GMR Group are also likely to acquire a stake in Southern Brave, the report states.

However, KKR will not be joining