NSW chair joins Trent Rockets board as Hundred deals near completion

An influential administrator in Australian cricket has been appointed to the Trent Rockets board, with the Nottingham-based team becoming the seventh of eight deals to be finalised in the Hundred's private investment process.

John Knox, the chair of Cricket New South Wales, is also a partner and head of Australia/New Zealand at Ares Management, one of two private equity firms who agreed a £40 million deal to buy a 49% stake in Rockets earlier this year. Their deal to run the franchise as a joint venture with majority partners Nottinghamshire was formalised last week.

It means that Surrey's partnership with Reliance - the owners of Mumbai Indians - to run Oval Invincibles is the only deal that remains to be finalised. ESPNcricinfo understands that the involvement of over a dozen lawyers in the process has slowed progress, but that both parties hope to sign contracts later this week.

The ECB said in July that the remaining two deals were "set for formal completion at a later date" after investors were "offered the option of completing later" than initially planned. The process of finalising arrangements has dragged on far longer than first anticipated, when the board set an eight-week 'exclusivity period' at the end of the auction process in early February.

ESPNcricinfo understands that Knox's new role on the Rockets board is independent from his role at Cricket NSW, which he has held since 2018. Knox was considered influential in the removal of Earl Eddings as Cricket Australia chair in 2021, and successfully pushed for the Cricket NSW board to assume gender diversity targets last year.

Knox's involvement at the Rockets comes at a time when Cricket Australia are actively exploring private investment in the Big Bash League. He told the Australian Financial Review earlier this year that he considers cricket to be his "life's passion" and that he views T20 cricket as a "tremendous… growth opportunity".

He will serve as one of three directors on the Rockets board from the new investors' side. Knox will be joined by Jonathan Goldstein and Joe Stelzer, who are Cain's chief executive and senior managing director respectively. Nottinghamshire's four board seats will be filled by senior figures at the club including director of cricket Mick Newell, who doubles as Rockets' general manager.

Rockets suffered a blow last week when Andy Flower, who has coached their men's team throughout the Hundred's first five seasons, signed a multi-year deal to take over from Justin Langer at London Spirit. They have not yet lined up a successor, and identifying the right replacement will be an early priority for the new board.

The sale of stakes in the eight Hundred franchises raised over £500 million which will be split across the English game and help to ensure the survival of all 18 first-class counties. Gloucestershire announced last week that they had cleared all debts after "more than 20 years" of borrowing, which treasurer Nick Bryan said was a "seminal moment" for the club.