Each bid now enters an exclusivity process and if concluded will result in £520m of investment filtering into leagues governed by the ECB.

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.

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 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. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

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.

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,