Chiefs' Travis Kelce joining Guardians' ownership group [View all]
The Kansas City Chiefs tight end is joining the Cleveland Guardians' ownership group as a minority investor, purchasing a stake in the team he grew up watching and reconnecting with the game he once believed offered the clearest path to a professional sports career.
Kelce's purchase is personal. He grew up during Cleveland's baseball renaissance in the 1990s, when the team won five consecutive American League Central titles. Calling himself a "die-hard," Kelce said he would take the rapid-transit light rail system downtown and keep score with his father, Ed, who also served as his baseball coach.
"There was nothing like Cleveland baseball in the '90s," Kelce said. "That's just a core memory for me. Kenny Lofton, Carlos Baerga, Jim Thome, Sandy Alomar Jr., the list goes on, and I admire how they just continue to pour into this city and this game. It's something that resonates with me, giving back to the places and the people that gave so much to you."
https://www.espn.com/mlb/story/_/id/48889141/chiefs-travis-kelce-purchases-minority-stake-guardians
According to The Sporting News,
The exact amount that Travis Kelce has invested in the Guardians remains undisclosed. For reference, in 2020, Kelce's teammate, Patrick Mahomes, purchased a minority stake in the Kansas City Royals, which was evaluated at around 1% of the team's total ownership.
https://www.sportingnews.com/us/mlb/cleveland-guardians/news/how-much-did-travis-kelce-buy-guardians-what-know-chiefs-stars-stake-cleveland-mlb-team/2270c7f8df0e4dd9abf969ca
1% of $1.7 billion (if comparable): $17,000,000. Couldn't be that much. ... unless Taylor kicked in.
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