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

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

The American investor has bought the shares at a valuation of 79 million GBP, shelling out 39 million GBP for the minority shares

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

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

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

Kolkata Knight Riders' (KKR) ownership group have been beaten to a stake in The Hundred franchise Trent Rockets by Chelsea co-owner Todd Boehly.

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.