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).

Nottinghamshire chair - The investment of nearly £40million will acquire a 49 per cent stake in the Hundred team

T he Todd Boehly-backed Cain International have succeeded in securing a stake in Hundred side Trent Rockets. The group, led by Chelsea director Jonathan Goldstein and the football

Chelsea part-owner Todd Boehly is looking to buy a slice of another English sports team — this time in cricket.

Chelsea co-owner Todd Boehly has bought a minority stake in the Nottingham-based Hundred franchise Trent Rockets for almost £40 million.

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.