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

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,

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

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.

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

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.

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

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).