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

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

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

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.

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