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.

Chelsea co-owner Todd Boehly has agreed to buy a 49 percent stake in Hundred franchise Trent Rockets, becoming the latest foreign investor in the 100-ball-a-side cricket competition. Boehly's Cain International group agreed to pay nearly £40 million ($50 million) for their stake as the Rockets,

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.

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

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,

Trent Rockets the seventh Hundred team to be sold as Chelsea co-owner Todd Boehly pays close to £40m for 49 per cent stake; Boehly had been interested in buying Lords-based London Spirit but was outbid by tech consortium;