"Jude Bellingham has bought a 1% stake in the Birmingham Phoenix cricket team, with the deal worth around 800,000, set to be confirmed soon."
"The eight franchises of The Hundred were put up for sale last year, with Knighthead Capital Management acquiring a 49% stake for 48 million."
"Bellingham, a cricket fan, played junior cricket for Hagley Cricket Club in Worcestershire and expressed a desire to swap places with England Test captain Ben Stokes."
"Knighthead Capital Management, which owns Bellingham's former club Birmingham City, is also associated with legendary NFL quarterback Brady."
Jude Bellingham, the England and Real Madrid footballer, has acquired a 1% stake in the Birmingham Phoenix cricket team, valued at around 800,000. This investment is part of The Hundred franchise, with the deal expected to be confirmed soon. The franchises were sold last year, and Knighthead Capital Management, which owns Bellingham's former club Birmingham City, purchased a 49% stake for 48 million, while Warwickshire retained a 51% stake. Bellingham has a background in cricket, having played for Hagley Cricket Club.
#jude-bellingham #birmingham-phoenix #the-hundred #cricket-investment #knighthead-capital-management
Read at www.bbc.com
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