Bellingham invests in Birmingham Hundred franchise
England and Real Madrid footballer Jude Bellingham has bought a 1. 2% stake in cricket team Birmingham Phoenix. The Edgbaston-based side were one of the eight Hundred franchises put up for sale last year and American investment group Knighthead Capital Management, who own Bellingham's former club Birmingham City, bought a 49% stake for £40m.
Warwickshire retained their 51% stake.
England and Real Madrid footballer Jude Bellingham has bought a 1. 2% stake in cricket team Birmingham Phoenix. The Edgbaston-based side were one of the eight Hundred franchises put up for sale last year and American investment group Knighthead Capital Management, who own Bellingham's former club Birmingham City, bought a 49% stake for £40m.
Warwickshire retained their 51% stake. Bellingham has taken on 0. 6% from each party, meaning Warwickshire still have control with 50.
4%. The deal, worth close to £1m, will be confirmed on Wednesday. Bellingham, 22, is a cricket fan and played junior cricket for Hagley Cricket Club in Worcestershire.