Chiefs Travis Kelce To Join Cleveland Guardians’ Ownership Group as Minority Investor

While football may be his game, baseball has had a strong hold and influence on this future Hall of Famer since he was very young. Chiefs tight end Travis Kelce is joining the Cleveland Guardians’ ownership group as a minority investor. He revealed on Wednesday that he is extremely proud and ecstatic to be purchasing a stake in the team he grew up watching.

ESPN’s Jeff Passan broke the ownership news regarding Kelce by revealing, “Travis Kelce is adding a new title to his burgeoning business portfolio: Major League Baseball owner. 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. Kelce, who along with Mahomes invested in the Alpine Formula 1 team, also owns stakes in an amusement park company, a mattress company, a beer company, a restaurant and a lucrative podcast. He was brought into the Guardians’ ownership group by Blitzer, also a co-owner of the Philadelphia 76ers and New Jersey Devils, whose pathway to majority ownership of the Guardians could be converted as early as after the 2027 season.”

Furthermore, Kelce took a moment to explain why he wanted to become a part-owner of the Cleveland organization. He mentions,

“I have so much love for this city. I say it all the time: I’m just a kid from the Heights living the dream. I credit every good thing in my life to Cleveland and being raised here with the values and the people and the work ethic. Cleveland Heights is such a diverse and dynamic place. Every friend, neighbor, teacher and teammate — they all made me the man I am today. It just fueled such a deep appreciation for life and community and service. That mentality of Cleveland against the world runs deep.”

Chiefs Travis Kelce To Join Cleveland Guardians’ Ownership Group as Minority Investor

The Guardians ball club is just as excited to have Kelce coming on board. The franchise announced Thursday morning,

“Some news to share.

Proud to welcome to Cleveland Heights native, Travis Kelce, as a minority owner.

The Cleveland Guardians today announced Cleveland Heights native and three-time Super Bowl Champion Travis Kelce has joined the Guardians as an investor.

Kelce, who grew up as a Cleveland baseball fan and attended Cleveland Heights High School, is considered one of the greatest tight ends in NFL history. Over the span of a 13-year career with the Kansas City Chiefs, Kelce is an 11-time Pro Bowler, seven-time All-Pro and holds NFL tight end records for most consecutive and most overall seasons (seven) with 1,000+ receiving yards. He won Super Bowls LIV, LVII, and LVIII, cementing his place as a future Hall of Famer.”

The Guardians are valued around $1.7 billion — a stark increase from their $1 billion valuation in 2022. Nonetheless, Kelce, 36, joins an ever-growing list of active professional athletes to acquire an equity stake in an MLB team. Other current athletes who have become minority investors in baseball teams include: LeBron James (Boston Red Sox), Giannis Antetokounmpo (Milwaukee Brewers), Cade Cunningham (Texas Rangers); and Kelce’s fellow KC teammate Patrick Mahomes, who in July 2020 became a minority owner of the Kansas City Royals.

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