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Tim McGraw has become part owner of the Nashville Kats arena football franchise. The announcement was made at a press conference by K.S. "Bud" Adams, Jr., the Kats' majority owner, founder and CEO. "I've always been proud to call Nashville home and am excited about this new venture with the Kats," said Tim. "I look forward to a great 2005 and kicking it off with a hometown concert." The concert Tim spoke of will be a headline performance just for Nashville Kats season ticket holders and selected sponsors. The date and location for the concert is expected to be announced in the coming weeks - and it will be the only live, headline act McGraw will play in Nashville in 2005.