Tom Brady and Patrick Mahomes‘ shiny investments often shadow the more meaningful ones sometimes. Cincinnati Bengals signal-caller Joe Burrow has taken a more traditional and conservative route with his finances. And it seems to be a much safer and well-thought-out investment than TB12’s FTX involvement.
Besides cryptocurrency, Brady and Mahomes have also splurged for the growth of Pickleball, one of the fastest-growing youth sports in America. Founded by Joel Pritchard in 1965, Pickleball has shifted from being an old man’s tennis to the youth’s new favorite sporting pass time. However, Joe Burrow skipped Pickleball and went with farming instead.
Along with some other big names, Joe Burrow has allocated his funds to farmlands
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The Cincinnati Bengals star has teamed up with NBA star Blake Griffin, Blue Jay Kevin Gausman, New York Islanders winger Anders Lee, and a few others in buying up 104 acres of corn and soy farmland in Northern Iowa.
Joe Burrow, Blake Griffin, and roughly 20 other athletes are purchasing a 104-acre farm in Iowa for roughly $5 million.
The group will eventually buy 4 more properties — leasing the land to farmers and seeking a single-digit-percentage annual return on the total investment.
— Front Office Sports (@FOS) January 10, 2023
According to the official report from Front Office Sports, the athletes invested through a combined $5 million fund through Patricof Co. Patricof deals with the investment sourcing of sporting entities.
ALSO READ: Joe Burrow Took Just One Game to Destroy Tom Brady’s 23-Year Standing Record
Bengals defensive end Sam Hubbard is also part of this investment, following his QB’s suit. Also, this is not it for Burrow and Co, as the group intends to buy four more farms. Their returns will be single-digit percentages from the annual turnover after leasing the land to farmers.
Pat McAfee thought this was a great idea, as opposed to a multi-national corporation turning the valuable farmland into space for its warehouses. “I’m happy to hear that they are keeping it as farmlands,” McAfee said on his show.
This is not Burrow’s first impressive investment decision this year
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Kansas QB Patrick Mahomes became a part-owner of the Kansas City Royals baseball team early in 2020. And Joe Burrow is not just spending to save America’s farmers. The former Heisman trophy winner has also taken a vested interest in women’s volleyball.
Joe Cool announced himself as one of the founding partners of the Pro Volleyball Federation. The women’s professional volleyball league is scheduled to start in 2024. Burrow’s parents Jim and Robbin Burrow are also blue-chip investors in the volleyball league federation.
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WATCH THIS STORY: After overtaking Joe Burrow Josh Allen and Jalen Hurts Chiefs hero Patrick Mahomes remains betting favorite for MVP
However, Burrow will save his investment portfolio analysis for later. For now, he is only thinking about Josh Allen and the Buffalo Bills for their divisional playoff game tonight. After their much-awaited Week 17 face-off was canceled because of the Damar Hamlin tragedy, this matchup will be one for the ages.