New England Patriots owner Robert Kraft and Dallas Cowboys owner Jerry Jones have retained their investments in DraftKings, sources confirmed to ESPN, even as the company has shifted some of its focus from daily fantasy to traditional sports betting.
Kraft's and Jones' stakes in DraftKings are said to be small, less than 5 percent, according to sources. In a court disclosure, 21st Century Fox was the only company listed as owning 10 percent or more of DraftKings.
A Cowboys' spokesman said Jones' investment in DraftKings is through sports hospitality company Legends, not the team. Jones and the Steinbrenners, owners of the New York Yankees, have been described as "principal owners" of Legends.
The Patriots declined comment.
As soon as Draft Kings shifts it's operations from fantasy to a sports-book, these two are going to have to exit from their investment. Like it even matters to billionaires. Go buy a stake in another company.