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

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).

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;

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,