National Hockey League’s, Seattle Kraken, has expanded their ownership group by adding former Seahawks running back Marshawn Lynch and rapper Macklemore as minority stakeholders.
The newly founded team’s CEO Tod Leiweke said that Macklemore and Lynch approached the team about becoming investors last summer, and that the NHL signed off on the deal earlier this month, according to ESPN.
Although Leiweke wasn’t looking for any additional investors, they noticed that both individuals were actively helping their community through their organizations.
“On God, I’ve been a part of a lot of things, but this is something I never would have imagined —as a young hyena I always dreamed of playing on a professional team, but owning one is something special,” Lynch said.
“I’m gonna continue to count my blessings … being a part of the Seattle Kraken is something big for me, it gives me another chance to get a ring after helping bring the first NFL one to the city. And if you thought I was goin’ somewhere, nah Seattle, I’m here! Stand up.” Lynch continued.
Lynch will “participate in the team’s ‘Hockey is for Everyone’ campaign and work with the team to plan events focused on young people and community activism.”
Macklemore will work with the team and Climate Pledge Arena to produce music events that serve the community and engage with fans. Plus, he is expected to partner with the hockey team for an annual Bogey Boys and Seattle Kraken golf tournament.
“The Seattle teams that we root for bring our community together and unify the people. In many ways, our franchises defined my childhood to the present. We rep our teams like no other city,” the Seative native Macklemore spoke.
He’s also the founder of Bogey Boys, a golf and lifestyle clothing brand, which has a pop-up shop in University Village, Seattle.
Terms of the investment from Macklemore and Lynch were not disclosed.
As investors, they both plan to continue making a difference within the Seattle community where they will attract to this team and the sport of Hockey. According to sports bankers, the estimated minority equity they will receive will generally be 1% or less.