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,

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

Cain International (“Cain”) and Ares Management Credit funds (“Ares”) have together entered exclusivity to acquire a significant stake in The Hundred

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,

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 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.

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

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.

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