Exclusive: Nottinghamshire will retain controlling stake as Trent Bridge side become seventh franchise to be sold in auction process

Chelsea owner Todd Boehly has agreed to buy a 49% share in Hundred franchise Trent Rockets. Cain International, founded by American Boehly and British businessman Jonathan Goldstein, will pay just under £40m for the stake in the Rockets, valuing the entire franchise at £79m.

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.

The 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 club's joint-owner Boehly, put in the winning bid for a 49% stake in Rockets, valuing 100% of the team at what ESPNcricinfo understands to be around £80 million.

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 co-owner Todd Boehly has paid almost £40m for a 49 per cent stake in Hundred franchise Trent Rockets. Rockets are the seventh team in the England and Wales Cricket Board's 100-ball competition to be sold, with only Southern Brave left to be purchased.