Celebrities have and will always participate in owning a sports franchise, especially if it’s their favorite sport. These ownerships are not new under the sun and it is often fun to watch them act goofy towards sports. The ownership sometimes entails an individual or a group putting an undisclosed amount of money to occupy a ceremonial role.
Other times, a celebrity invests any amount of money into the sport and his or her role is obscure to the public. One of the reasons why celebrities do this, is the satisfaction they get from owning a franchise of their favorite sport or team.