Todd Boehly, the chairman and co-owner of Chelsea, has bought a 49 per cent stake in The Hundred franchise Trent Rockets. The investment values Nottingham-based Rockets — which encompass the English county clubs of Nottinghamshire, Derbyshire and Leicestershire — at around £79million ($97.73m).

Chelsea part-owner Todd Boehly is looking to buy a slice of another English sports team — this time in cricket. Cain International, a company co-funded by the American businessman, is paying 40 million pounds ($50 million) for 49% of Trent Rockets,

Chelsea co-owner Todd Boehly’s Cain International group and fellow investors Ares Management Credit are an “ideal fit” for Trent Rockets, according to Nottinghamshire chair Andy Hunt. Rockets, who are based at Nottinghamshire’s Trent Bridge,

Chelsea owner Todd Boehly is the founding partner of Cain International alongside Jonathan Goldstein, also part of the club's BlueCo ownership group.

Chelsea co-owner Todd Boehly has just bought a stake in cricket franchise Trent Rockets for close to £40m, the Telegraph are reporting today.The American businessman’s company Cain International

Birmingham Phoenix, London Spirit, Manchester Originals, Northern Superchargers, Oval Invincibles, Southern Brave, Trent Rockets and Welsh Thunder all received big investment as total valuation approaches £1bn;

Boehly’s latest acquisition builds on his already vast sporting portfolio, which includes Chelsea FC, French club RC Strasbourg, and the LA Dodgers baseball team

Besides Chelsea and Kolkata Knight Riders, Indian investor Amit Jain, working in conjunction with Royal Challengers Bengaluru, was also bidding to acquire a 49 per cent stake in the Nottingham-based Trent Rockets.

Chelsea owner Todd Boehly has secured a 49% stake in The Hundred franchise Trent Rockets for just under £40m, with the entire franchise valued at £79m. Nottinghamshire retains 51% ownership. Southern Brave is later expected to be sold to Delhi Capitals' co-owners,