Kansas City Chiefs tight end Travis Kelce is teaming up with investor firm Jana Partners to buy a 9 percent stake in the theme park company Six Flags. Kelce bought this stake for $200 million. This seems like a very smart move as Six Flags’ share price recovered by 18 percent after being down 50 percent earlier this year. Investments such as this have been one of the core fortes for star athletes to build their portfolio beyond the field.
Indiana Fever guard and Caitlin Clark‘s teammate Sophie Cunningham shared her opinion on this business move by Kelce on her podcast ‘Show Me Something.’ Alongside co-host West Wilson, Cunningham was fairly surprised at Kelce putting his money on the theme park chain.
“What do you mean? That doesn’t make any sense. … He’s going to have to buy more than 9% if they’re all closing, or am I being dumb? … I don’t get it, but he knows something we don’t,” Cunningham said (17:07).
To put some context, Six Flags America officially closed its gates on Sunday, November 2. This closure is a part of the company’s ongoing efforts to restructure and address ongoing debt. However, Cunningham does raise a question which most fans are also wondering – Is this investment worth the money?
Kelce announced that he had added Six Flags Entertainment to his investment portfolio via Instagram on Oct. 21. On his post, the Chiefs TE exclaimed,
“So many memories from this place. Couldn’t pass up the opportunity to continue the tradition and make it even more special for the next generation of families.”
Besides all the woes Six Flags is going through, Travis Kelce seems to have great plans to revive the theme-park back into relevance. On the ‘New Heights Podcast’ alongside brother Jason Kelce, Travis described his dream coaster to be combining several thill elements never seen in one roller coaster.
What Other Investments Does Travis Kelce Hold In His Portfolio?
While Travis Kelce has a formidable presence as a tight end in the field, he is also trying to extend his presence in the world of business and investments too. In today’s age, most celebrities and star athletes have a diversified investment portfolio that allows them a further cushion beyond their sporting career.
As per Tracxn, the $70 million net worth NFL star started out as an angel investor in the start-up ecosystem in the United States. His investment journey started through his investment in Virgin Voyages alongside former NBA player Blake Griffin as a co-investor. As of now, Kelce has invested in four companies, with his portfolio primarily focused in Food & Agriculture and Consumer Goods sector.
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