logo
Are Travis and Jason Kelce really buying a professional football team to expand their growing empire?

Are Travis and Jason Kelce really buying a professional football team to expand their growing empire?

Time of India6 days ago

Travis and Jason Kelce are reportedly in the final stages of acquiring a professional football team through their Kelce Bros brand. (Getty Images)
As the Kansas City Chiefs gear up for a pivotal phase of their offseason at OTAs in Western Missouri, one of their brightest stars seems to be making plays off the field as well. While
Travis Kelce
continues to run drills and prepare for another Super Bowl run, his entrepreneurial spirit is buzzing elsewhere—with a bold and intriguing move tied to his beer brand, Garage Beer.
Will the Kelce Bros brand soon include ownership of a professional football franchise?
On May 28, Garage Beer dropped a cryptic yet electrifying update on X (formerly Twitter), sparking conversations across the football and business world. 'While we can't share the team name, city, league, mascot, or parking situation just yet, we can say that it involves football—the real kind with helmets, touchdowns, tailgates, and of course, ice cold beers,' read the company's official statement.
This revelation confirmed that the brand is 'in the very advanced stages of acquiring a significant ownership stake in a professional football team.'
Although exact details remain under wraps, fans and industry insiders are already speculating what this mystery acquisition could mean—not only for the Kelce brothers but for the evolving intersection of sports and business.
Travis and Jason Kelce have been gradually building their footprint in the beverage world. Their investment in Ohio-based Garage Beer Co. in June last year marked the beginning of a business journey rooted in authenticity.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trading CFD dengan Teknologi dan Kecepatan Lebih Baik
IC Markets
Mendaftar
Undo
'It comes down to quality for me. I think everyone knows I like to have a couple beers now and then, so being an owner of Garage Beer and heavily involved in making the best light beer is exciting,' Travis shared at the time.
True to its name, Garage Beer has carved out a unique space in the market. Known for its crisp light beer and deep ties to football culture, the brand is now sold in over a dozen states including Ohio, Montana, and New Jersey.
This move into team ownership appears to be a natural progression—an ambitious step blending Kelce's passion for the gridiron and his business acumen.
The idea of a football team part-owned by two NFL legends and tied to a fan-favorite beer company is already creating waves. The brand hinted at more updates soon, teasing, 'More details—like what team it is, where it plays, and how many Garage Beers will be in the stadium fridge—will be shared in the coming few days.'
It's not the first time Travis has made a strategic move into the beverage industry. In February 2023, he acquired an equity stake in Casa Azul Tequila Soda, a ready-to-drink cocktail brand, and also became its brand ambassador.
With one foot on the turf and another in the boardroom, Travis Kelce is redefining what it means to be an NFL superstar—proving that championship moves aren't just made on Sundays.
Also Read:
T.J. Watt skips Steelers OTAs amid contract extension drama that could shake up Pittsburgh's 2025 season
Get
IPL 2025
match
schedules
,
squads
,
points table
, and live scores for
CSK
,
MI
,
RCB
,
KKR
,
SRH
,
LSG
,
DC
,
GT
,
PBKS
, and
RR
. Check the latest
IPL Orange Cap
and
Purple Cap
standings.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OECD pegs FY26 India growth at 6.3%
OECD pegs FY26 India growth at 6.3%

Time of India

time18 minutes ago

  • Time of India

OECD pegs FY26 India growth at 6.3%

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: India will continue to experience "strong and broadly stable economic growth", OECD said Tuesday while pointing out that global economic growth is slowing more than expected as the tariff war takes a bigger toll on the US Organisation for Economic Co-operation and Development projects India to remain one of the world's fastest-growing economies in FY26, with its gross domestic product (GDP) growth forecast at 6.3%. The country's economic momentum will be driven by private consumption, supported by rising incomes and lower personal income taxes, it said in its economic outlook released her budget speech, finance minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh per annum would not need to pay income tax under the new tax FY27, the Paris-based organisation projects 6.4% growth. India's GDP grew to a four-quarter high of 7.4% in Q4 of FY25, bringing full-year growth to 6.5%, according to official data released last the OECD warned that new tariffs imposed by the US could dampen investor sentiment, especially in export-oriented sectors like chemicals, textiles and electronics, the overall impact on India's growth is expected to be India, the OECD projects inflation to moderate further to 4.1% in FY26 and 4% in FY27. It was 4.6% in will pave the way for further policy rate cuts by the central bank's monetary policy committee, according to ahead, the organisation recommended phasing out tax expenditures, rationalising subsidies and expanding tax bases would improve the quality and sustainability of public finances, create room for enhanced social protection, increased public investment and strong labour market the OECD highlighted the need for policies to focus on increasing female workforce participation through coordinated reforms in childcare access, safe and affordable transportation, skill development and enforcement of workplace global economy is projected to slow from 3.3% last year to 2.9% in 2025 and 2026, it said, trimming its estimates from March for growth of 3.1% this year and 3.0% next US President Donald Trump's policies have raised average US tariff rates from around 2.5% when he returned to the White House to 15.4%, highest since 1938, it said. India stares at a reciprocal tariff of 26%, which was put on hold for 90 days. However, a higher 10% tariff is effective on all imports into the the growth outlook would likely be even weaker if protectionism increases, further fuelling inflation, disrupting supply chains and rattling financial markets, the organisation GDP growth is anticipated to decline to 2.9% in 2025 from 3.3% in 2024, assuming tariff rates as of mid-May persist despite ongoing legal challenges."The slowdown is concentrated in the US, Canada and Mexico, with China and other economies expected to see smaller downward adjustments," it the US, economic growth is forecast to slow to 1.6% in 2025 from 2.8% in 2024, while China's growth is expected to fall to 4.7% from 5% in the same period.

OECD sees India growing 6.3% in FY26, projects global slowdown
OECD sees India growing 6.3% in FY26, projects global slowdown

Mint

time30 minutes ago

  • Mint

OECD sees India growing 6.3% in FY26, projects global slowdown

New Delhi: The Organisation for Economic Co-operation and Development (OECD) on Tuesday lowered India's GDP growth rate a notch, as it projected global growth to slow down more than expected on account of Trump tariffs. The Paris-based OECD in its June Economic Outlook lowered India's growth rate to 6.3% in FY26 and 6.4% in FY27, compared with earlier projections, made in March, of 6.4% for FY26 and 6.6% for FY27. It projected global growth to slow to 2.9% in 2025 and 2026 from 3.3% in 2024, trimming its estimates from March. It said the US economy would grow only 1.6% in 2025 and 1.5% in 2026, citing US President Donald Trump's tariff announcements. Also read: India poised for growth amid global uncertainty, says finance ministry While private consumption in India is set to strengthen gradually, supported by rising real incomes, moderate inflation, tax cuts, and an improving labour market, investments will be buoyed by falling interest rates and strong public capital expenditure, the OECD report said. 'Monetary conditions remain restrictive, despite policy rate cuts in February and April. Headline inflation eased to 3.2% in April 2025 and is now within the central bank's target range of 4% (± 2%), largely due to a substantial moderation in food inflation, which accounts for nearly half of the CPI basket, and declining energy prices," it said. 'Easing food prices reflect a strong autumn harvest, and government interventions, such as export restrictions. As a major oil importer, India has benefited from lower global crude oil prices in recent months, which reduced domestic fuel costs and helped contain input costs in energy-intensive sectors such as transport, manufacturing, and agriculture," it added. However, the OECD warned that higher US tariffs could weigh on exports, while inflation is likely to remain near 4%, with risks from a weak monsoon or rising global commodity prices. Also read: India calls for end to export controls among BRICS nations Globally, rising trade barriers and policy uncertainty have hurt business and consumer confidence, leading the OECD to downgrade its growth forecast and warn of broad-based impacts on income and jobs. 'In the past few months, we have seen a significant increase in trade barriers as well as in economic and trade policy uncertainty. This sharp rise in uncertainty has negatively impacted business and consumer confidence and is set to hold back trade and investment," the report said. 'Weakened economic prospects will be felt around the world, with almost no exception. Lower growth and less trade will hit incomes and slow job growth," it added. India, facing potential GDP losses of up to 0.6% due to the Trump administration's escalated tariffs according to a Goldman Sachs analysis, is particularly vulnerable, especially in sectors like pharmaceuticals, textiles, and automobiles. In response, India is actively negotiating a bilateral trade agreement with the US, aiming to finalize it soon, to mitigate the impact and strengthen economic ties. 'Tariff increases and broader trade tensions may dampen investor sentiment, particularly in export-oriented sectors such as chemicals, textiles, and electronics. However, the overall GDP effects will be limited by the moderate share of exports in GDP, with merchandise exports towards the United States accounting for only 2.1% of GDP," the OECD report said. 'India has scope to accelerate trade liberalization, simplify customs procedures, and reduce tariffs. Further reforms are needed to improve the efficiency of logistics networks, upgrade digital infrastructure, and reduce regulatory uncertainty, especially in tax administration," it said. 'Enhancing the availability and accessibility of long-term finance, including through deepening capital markets and improving credit access for SMEs, would further strengthen the investment climate," it added. Also read: Centre eyes large dividend from public sector banks in FY25 Meanwhile, UBS on Tuesday upgraded India's FY26 GDP growth forecast to 6.4% from 6%, citing resilient domestic demand and potential trade gains, with stronger household consumption supported by favourable monsoon prospects and policy stimulus. India's Central government's economic outlook for FY26 is cautiously optimistic, with GDP growth forecast between 6.3% and 6.8%; the finance ministry expects to achieve the higher end if global conditions improve but remains confident of meeting the lower bound despite global challenges.

Paytm Cloud incorporates Paytm Singapore as wholly-owned subsidiary
Paytm Cloud incorporates Paytm Singapore as wholly-owned subsidiary

Business Standard

time32 minutes ago

  • Business Standard

Paytm Cloud incorporates Paytm Singapore as wholly-owned subsidiary

Paytm Cloud Technologies (PCTL), a wholly owned subsidiary of Paytm brand operator One97 Communications (OCL), incorporated Paytm Singapore on Tuesday. Earlier this year, PCTL acquired a 25 per cent stake in Brazil-based embedded finance firm Seven Technology for $1 million. The acquisition of this stake will enable the company to better understand the merchants' business landscape in the Brazilian market, Paytm said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store