Travis Kelce is now part owner of a Major League Baseball team. The Kansas City Chiefs tight end has purchased a minority stake in the Cleveland Guardians, joining the team's ownership group as a minority investor.
According to ESPN, Kelce told the outlet directly that he purchased the stake in the team he grew up watching.
Kelce is one of the most recognizable athletes in American sports. He has spent his entire NFL career with the Kansas City Chiefs, where he has become one of the most decorated tight ends in league history. His connection to Cleveland gives the move a personal dimension beyond business.
The Guardians play in Cleveland, Ohio, where Kelce was raised. His purchase of a minority stake reflects a trend of current professional athletes investing in sports franchises outside their own leagues. Minority ownership stakes allow investors to hold a financial interest in a team without taking on the responsibilities of a controlling owner.
The terms of the deal were not disclosed.
