Old MacDonald had a farm…and it’s gonna need a bigger trophy case.
Bengals quarterback Joe Burrow, Celtics power forward Blake Griffin, Blue Jays pitcher Kevin Gausman, Islanders winger Anders Lee, and several other professional athletes have teamed up to purchase a farm in Iowa. The farm in question is 104 acres and produces corn and soy. According to Front Office Sports, the purchase was made through a $5 million fund they all contributed to and was set up by Patricof Co., which sources investment opportunities for athletes.
So will Joe Burrow be out there riding a tractor during the offseason? Not exactly. The group plans to lease the land to farmers and take a single-digit-percentage annual return on the total investment. And they are actively planning to buy four more farms.
REPOSTED FROM ENTRETRENEUR.COM – READ FULL ARTICLE HERE
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