April 22 (Reuters) - England international Jude Bellingham has acquired a minority stake in The Hundred franchise Birmingham Phoenix, co-owners Warwickshire County Cricket Club said on Wednesday. The
Jude Bellingham Takes Minority Stake in Birmingham Phoenix Franchise
Jude Bellingham's Investment and Community Focus
Details of the Stake Acquisition
April 22 (Reuters) - England international Jude Bellingham has acquired a minority stake in The Hundred franchise Birmingham Phoenix, co-owners Warwickshire County Cricket Club said on Wednesday.
The Real Madrid midfielder will take a 1.2% holding and will focus mainly on community engagement and social projects. Warwickshire will remain the majority stakeholder with 50.4% shares, and Knighthead Capital Management will hold 48.4%.
Bellingham's Motivation and Statement
"I feel like I owe the city something," the 22-year-old said in a statement.
"I was fortunate growing up I had the option of playing cricket and playing football, but some kids don’t have that opportunity. It’s important that if I can get involved in something like this to shine a light on an opportunity for kids, then even better."
The Hundred Tournament Overview
The sixth season of the tournament, which uses a 100-ball format, runs from July 21 to August 16.
(Reporting by Karan Prashant Saxena in Bengaluru; Editing by Peter Rutherford)
