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.

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.

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 backed by th

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. Rockets, who are based at Nottinghamshire’s Trent Bridge,

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