Travis Kelce purchased a minority stake in the Cleveland Guardians, with the size of the investment not publicly specified. Kelce earned more than $111MM in career salary with the Kansas City Chiefs and also generates additional income from endorsements and other ventures. He credited Cleveland and Cleveland Heights for shaping his values, work ethic, and sense of community, and he described Cleveland baseball in the 1990s as a lasting memory. The Dolan family retains the majority stake. Larry Dolan bought the club in 2000, and his son Paul Dolan became the control person in 2013. In 2022, the Dolan family agreed to sell a 25–30% stake to David Blitzer, with an option for majority purchase in 2028.
"“I have so much love for this city,” Kelce tells ESPN's Jeff Passan. “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. ... There was nothing like Cleveland baseball in the '90s. 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.”"
"The Dolan family still holds the majority stake in the team. The late Larry Dolan purchased the club for a reported $323MM back in 2000. Recent estimates have pegged the Guardians' present-day franchise value at more than five times that sum. Larry Dolan passed away at 94 years of age in Feb. 2025. His son, Paul, had succeeded him as the team's official control person back in 2013 and remains the team's chairman and chief executive officer."
"However, in 2022, the Dolan family agreed to sell a 25-30% stake in the team to David Blitzer, the managing partner of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils. Blitzer also has minority stakes in the NFL's Washington Commanders and in Major League Soccer's Real Salt Lake. His 2022 deal with the Dolan family also came with the option to purchase a majority stake of the club in 2028."
Read at MLB Trade Rumors
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